The forecasted import volume of fruits and spores seed for sowing to the US indicates a steady decline from 2024 to 2028. Starting at 980.35 thousand kilograms in 2024, it is projected to drop to 777.53 thousand kilograms by 2028. Comparing 2023 data is crucial to grasp the forecast's context, but actual imports that year aren’t specified here.
- From 2024 to 2025, the year-on-year decrease is approximately 5.32%.
- From 2025 to 2026, the decline continues with a reduction of about 5.51%.
- From 2026 to 2027, there is a notable fall of around 5.73%.
- From 2027 to 2028, the decline slightly softens to roughly 5.94%.
- The five-year CAGR is approximately -5.66%, indicating a persistent downward trend in imports.
Future trends to watch include the potential impact of climate change on domestic seed production, technological advancements in agriculture, and changing regulation on seed imports which could either mitigate or exacerbate this declining trend.
