The forecast for ginger imports to the US from 2024 to 2028 shows a steady growth. In 2023, the volume stood at approximately 106.5 million kilograms. The year-on-year growth percentages for the forecast period are mild, pointing to a consistent demand increase. Notable variations include slight increases year-on-year with a compound annual growth rate (CAGR) of around 2.9% over the five-year period, indicating robust appetite maintaining its upward trajectory.
Future trends to watch for include:
- Potential implications of global supply chain adjustments and climate change impacts on production levels, particularly in major exporting countries.
- Shifts in consumer preferences toward natural and health-focused ingredients boosting ginger demand.
- Any fluctuation in international trade policies that could affect import volumes and pricing.