The forecast for the import of lard, other pig fat, and poultry fat to the US indicates a consistent growth trend from 2024 to 2028, starting at 45.653 million kilograms in 2024 and increasing to 51.759 million kilograms by 2028. In 2023, the import stood at 44.132 million kilograms, marking the beginning reference point for this forecast. Year-over-year, the expected growth rates from 2024 to 2028 reflect a moderately increasing trend, consistent with a compound annual growth rate (CAGR) that suggests steady demand for these products over the forecast period.
Future trends to watch for:
- Potential fluctuations in global pork and poultry markets could impact US import levels.
- Trade policy changes and tariffs could alter import dynamics.
- Shifts in consumer preferences towards plant-based alternatives might affect demand.
- Technological advancements in food production could influence future import needs.