Based on the forecasted data from 2024 to 2028, the import of oleic, linoleic, or linolenic acids to the US shows a consistent downward trend. In 2023, the actual import stood at 1,000 thousand kilograms. Year-on-year, there is a visible decline of roughly 6.3% from 2024 to 2025, 6.6% from 2025 to 2026, 6.9% from 2026 to 2027, and 7.3% from 2027 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately -6.8%, highlighting a continuous reduction in import volumes.
Future trends to watch include:
- Effects of domestic production and sustainability initiatives on import demand.
- Changes in global pricing or availability of these acids due to geopolitical or climatic factors.
- Shifts in demand driven by consumer preferences towards more environmentally friendly or organic products.
- Regulatory changes impacting the importation of chemical substances.