Over the last decade, the volume of fresh mango imports in the US has shown consistent growth, standing at 1200 million pounds in 2023. Year-on-year variation reveals fluctuations, such as a notable drop in 2014 (-11.61%) followed by varying increases each subsequent year. The CAGR over the past five years is approximately 2.74%, indicating steady growth albeit at a lower rate in recent years.
Analyzing the period from 2013 to 2023, key insights include:
- Initial high growth in early years with 2013 recording 16.35%
- Fluctuation in growth rates, including declines, as seen in 2014
- Moderate but consistent increases post-2016 with the highest in 2017 (8.71%)
- Gradual decline in growth rates leading to 2023
Forecasts suggest a continuation of this gradual growth trajectory with a projected 5-year CAGR of 1.64% from 2024 - 2028, amounting to an estimated increase of 8.49% over these years. Watch for:
- Global trade dynamics impacting supply chains
- Shifts in consumer behavior towards healthier food options
- Climate change effects on mango production regions
