The import of linseed into the US is forecasted to see a gradual decline from 2024 to 2028. In 2023, imports stood at 126.98 million kilograms, illustrating a modest year-on-year decrease starting 2024. The anticipated reduction from 2024 to 2028 represents a compound annual growth rate (CAGR) of approximately -1%, highlighting a consistent downtrend over this period. This trend may be attributed to evolving market dynamics or shifts in domestic usage patterns.
Future trends to watch for:
- Changes in US agricultural policies impacting linseed import needs.
- Potential increase in domestic linseed production affecting import demand.
- Shifts in demand due to health trends or industrial uses influencing consumption patterns.