The forecast from 2024 to 2028 shows a steady decline in US imports of fresh apricots, dropping from 413.59 thousand kilograms in 2024 to 177.14 thousand kilograms in 2028. This marks a significant reduction, equating to a compound annual growth rate (CAGR) decline of approximately 20.16% over the five years. If we assume that 2023 figures were around the 2024 levels, this declining trend marks a clear downward trajectory.
Future trends to watch for:
- Changes in global apricot production affecting import availability.
- Potential shifts in US consumption patterns due to climate change impacting domestic yields.
- The effect of trade policies on import volumes and how they could alter pricing structures.