The forecast for the import of cut flowers to the US from 2024 to 2028 shows a consistent upward trend. In 2023, the import value was approximately 1.72 billion USD. From 2024, the projected figures indicate a steady increase, with year-on-year percentage growth hovering around 2.17% to 1.92%. This results in a compound annual growth rate (CAGR) of approximately 2.03% over five years, highlighting a solid demand in the market.
Future trends to watch for include:
- Potential changes in consumer preferences toward more sustainable and locally-sourced products.
- Economic factors such as exchange rates and international trade policies that might impact import costs.
- Technological advancements in logistics and supply chain management that could affect the efficiency of flower imports.