Forecast: Import of Oleic, Linoleic or Linolenic Acids to the US

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.

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