The import value of maize starch to the US is projected to consistently increase from $39.843 million in 2024 to $42.181 million in 2028. In 2023, the value stood at $39.243 million, marking a noticeable upward trend.
Year-on-year variations are positive, indicating modest growth in the range of 1.5% to 2.7% annually. The five-year compound annual growth rate (CAGR) anticipated from 2024 through 2028 suggests a steady expansion of approximately 1.8% per annum.
Future trends to watch for:
- Potential shifts in global supply chains affecting import costs and availability.
- Changing domestic demand patterns influenced by the food and beverage sector's trends.
- Impact of trade policies and tariffs on import volumes and values.