The forecast for dry Great Northern beans exports from the US shows a declining trend from 2024 to 2028, with volumes expected to decrease from 35.47 million pounds in 2024 to 30.33 million pounds in 2028. This trend represents a steady annual decline. The exports stood at 36.8 million pounds in 2023, indicating a downward performance over the forecasted period. The year-on-year reduction percentage accentuates a gradual decline in the beans' export volumes, and the compound annual growth rate (CAGR) over the five years suggests a continuous negative growth, posing challenges for stakeholders in the industry.
Future trends to watch for include potential shifts in consumer preferences towards alternative legumes, changes in international trade policies affecting agricultural exports, and environmental factors impacting bean production. Monitoring these variables can provide insights into possible market adjustments or export strategies.
