In 2023, the import value of refined maize oil and fractions to the US was not provided in the dataset. However, the forecast from 2024 to 2028 shows a consistent downward trend, with import values decreasing from $14.206 million to $13.086 million. Year-over-year, this reflects a steady annual decline, averaging a compound annual growth rate (CAGR) of approximately -2.0% over the five-year period.
Future trends to watch for include:
- Potential shifts in global supply chain dynamics that could impact import levels.
- Changes in consumer preferences and dietary guidelines affecting demand for maize oil.
- Economic factors such as tariffs and trade agreements that might influence import costs.