The forecasted beans import volume in the US indicates a consistent decline from 2024 to 2028. Starting at 142.0 thousand metric tons in 2024, the volume diminishes to 137.0 thousand metric tons by 2028. In 2023, the import volume stood at an estimated 143.0 thousand metric tons, showing a slight downward trend in imports over the forecast period. The year-on-year variation reflects an average decline of approximately 1.0% each year, resulting in a Compound Annual Growth Rate (CAGR) of around -1.0% over the five-year forecast period.
Future trends to watch for include potential shifts in global trade agreements, domestic agricultural policies affecting local bean production, and changes in consumer preferences towards alternative protein sources, which may influence both volume and value of bean imports in the US market.
