In 2023, the US imported approximately 8.9 million kilograms of tall oil. The forecasted data from 2024 to 2028 indicates a gradual decline in imports, with a noticeable year-over-year decrease each year. The import volume is projected to decline from 8.53 million kilograms in 2024 to 6.94 million kilograms in 2028. This translates to an average annual decline rate (CAGR) of approximately 4% over these five years. The trend suggests a consistent decrease in imports.
Future trends to watch for include potential shifts in US domestic production of tall oil alternatives and international supply chain changes. Environmental policies impacting production practices may also influence import levels.
