The import of cereal bran, sharps, and residues (excluding maize, wheat, rice) to the US is projected to decrease steadily from 2024 to 2028. In 2023, the volume stood at 47.5 million kilograms. The projections show a year-on-year decline: with a percentage decrease from 2024 to 2025 of approximately 11.7%, from 2025 to 2026 about 13.0%, from 2026 to 2027 roughly 14.7%, and from 2027 to 2028 approximately 16.8%. The compound annual growth rate (CAGR) for this period is about -11.9%, indicating a consistent decline in imports.
Future trends to watch for include:
- The impact of domestic agricultural policies reducing dependence on imports.
- Technological advancements in the domestic production of cereals.
- Potential trade agreements or tariffs affecting the cost and feasibility of imports.
