The import of petroleum jelly to the US is forecasted to decrease from 6.3516 million kilograms in 2024 to 5.9812 million kilograms in 2028. In 2023, the volume stood at 6.45 million kilograms. This represents a year-on-year decrease indicating a declining trend in import volumes. The last two years showed a continuation of this decline, and the Compound Annual Growth Rate (CAGR) over five years illustrates this average downward trend.
Future trends to watch for include potential changes in global petroleum supply dynamics, shifts in consumer preferences towards alternative products, or changes in domestic production that may influence this decline. Additionally, trade policy changes could impact the importation dynamics of petroleum jelly to the US.
