The import of prepared or preserved citrus fruits to the US stood at 275.31 million kilograms in 2023. Over the past two years, the year-on-year variation showed a consistent incremental trend with a 1.82% increase in 2023 and a 1.89% increase in 2022. Over the last five years, the compound annual growth rate (CAGR) was 1.37%. From 2013 to 2023, the market experienced fluctuations with significant growth in certain years such as 2018 (15.28%) and declines in others like 2014 (-6.46%). The forecasted growth rate over the next five years is expected to be 1.27% annually, leading to a total growth of 6.53% by 2028.
Future trends to watch for include potential impacts of climate change on citrus production, shifts in consumer preferences towards fresh over preserved fruits, and possible trade policy changes affecting import volumes. Additionally, the demand for organic and non-GMO products may influence the market dynamics.
