The import of hulled, pearled, sliced, or kibbled maize to the US is forecasted to grow steadily from 2024 through 2028. In 2023, imports stood at an actual value of approximately 91 million USD. In 2024, imports are projected to increase to approximately 95.7 million USD, marking a year-on-year growth of around 5.2%. The growth continues consistently with projected year-on-year increases of about 5.5% in 2025, 5.1% in 2026, 4.7% in 2027, and 4.4% in 2028. This results in a compound annual growth rate (CAGR) of approximately 5.06% from 2023 to 2028.
Looking forward, several trends are worth monitoring:
- The potential impacts of climatic changes on maize production and supply chain stability.
- Shifts in consumer preferences towards maize-based products in the US market.
- Trade policies and tariffs that could affect import costs or availability.
- Technological advancements in agriculture that could enhance productivity and affect import volumes.
