The forecast for the import of lac, natural gums, resins, gum-resins, and balsams to the US suggests a gradual decrease from 2024 to 2028. Starting at 60.011 million US dollars in 2024, the value is expected to drop annually, reaching 56.131 million US dollars by 2028. The year-on-year variations are indicative of a downward trend, reflecting a consistent decline in imports over these years.
In 2023, actual import value was higher than the 2024 forecast, hinting at a shifting market dynamic possibly influenced by changing demand or supply chain factors.
Future trends to watch for include:
- Fluctuating global demand for natural gums and resins, potentially impacting import values.
- Emerging sustainable and synthetic alternatives that could replace traditional use, affecting import volumes.
- Geopolitical factors and trade agreements that may introduce further variability in import activities.
