The import of liquorice extract to the US is projected to grow steadily from 2024 to 2028. The value of imports is expected to increase from $29.334 million in 2024 to $31.656 million in 2028. Compared to 2023, for which data is not explicitly provided here but is assumed to be the base year, these figures suggest a consistent annual growth.
- The projected year-on-year increases are modest but steady, reflecting a manageable and predictable rise in import levels.
- The five-year Compound Annual Growth Rate (CAGR) visibly demonstrates a stable upward trend in import value, averaged annually.
Future trends to watch for include potential shifts in global supply chains or changes in US tariff and trade policies, which could impact import levels. Additionally, evolving consumer preferences or regulatory adjustments related to liquorice extract usage could further influence these trends.
