From 2024 to 2028, imports are expected to decrease progressively:
- 2024: $46.176M
- 2025: $43.747M (-5.26%)
- 2026: $41.366M (-5.45%)
- 2027: $39.032M (-5.65%)
- 2028: $36.745M (-5.87%)
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately -5.33%.
Import values are expected to continue their downward trend. Factors may include advancements in local manufacturing capabilities, shifts in economic conditions, and changes in global trade policies or tariffs. Monitoring these factors will be crucial for predicting future import behaviors.
