The import forecast of simply refined sunflower or safflower oil into the US indicates a steady increase from 2024 to 2028, with values rising from $95.184 million in 2024 to $107.2 million by 2028. Although exact figures for 2023 are unspecified, the trajectory highlights consistent growth year-on-year, averaging approximately 3% annually. Over this five-year period, the compound annual growth rate (CAGR) remains stable, reflecting a robust upward trend driven by increasing demand and potentially escalating prices.
Future trends to watch for include:
- Fluctuations in global oil supply chains impacting import values and volumes.
- Domestic production dynamics and their influence on import reliance.
- Potential policy shifts affecting international trade relationships.
- Developments in health trends influencing consumption of healthier cooking oils.
