In 2023, the import of essential oils of orange to the US stood at 20.5 million kilograms. According to forecasts, a steady growth trend will be observed from 2024 to 2028, where imports are expected to reach 23.058 million kilograms by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 2.4% over the five-year period.
Key trends to watch for:
- Increasing demand for natural products is likely to drive consistent growth in essential oil imports.
- Potential trade policies impacting import tariffs could alter future figures.
- Technological advancements in agriculture might affect orange oil yield and supply.