The forecasted gross production of oranges in the US shows a continual decline from 2024 to 2028. Starting at an estimated 1.147 billion USD in 2024, it declines to 0.88126 billion USD by 2028, reflecting consistent year-on-year decreases. The Compound Annual Growth Rate (CAGR) illustrates an average annual decline over this five-year forecast period. In 2023, the production value was slightly higher than in 2024, aligning with the downward trend.
Future trends to watch for include:
- Impact of climate change on orange crop yields
- Shifts in consumer preferences affecting demand
- Technological advancements in farming practices
- Economic factors influencing global trade and pricing
