The US dried plums (prunes) export market has experienced a consistent decline over the last decade. In 2023, the volume stood at 52.19 million pounds, continuing a pattern of year-on-year decreases. The trend began from a peak of 111.86 million pounds in 2013, with significant drops noted each year. The annual decline in 2022 was 8.73%, and in 2023, it was 7.27%. The CAGR over the last five years has been -6.39%.
Looking ahead, forecasted data predicts continued declines, with the volume expected to reach 30.88 million pounds by 2028. The forecasted five-year CAGR is -8.36%, indicating a sharp reduction in export volumes by 35.36% over this period.
Future trends to watch for:
- Potential impacts of market diversification and local consumption trends.
- Changes in global demand and competition from other dried fruit markets.
- Possible influence of agricultural policies and trade agreements.
