The import of rosin and resin acids to the US is forecasted to decline steadily from 15.831 million USD in 2024 to 13.439 million USD in 2028, indicating a downturn in demand or changes in supply dynamics. Comparing the forecast values, there's an expected year-on-year decline: -3.9% from 2024 to 2025, -4.0% from 2025 to 2026, -4.1% from 2026 to 2027, and -4.1% from 2027 to 2028. Overall, the compound annual growth rate (CAGR) over this period is around -3.2%, highlighting a consistent reduction in import values.
Future trends to watch for:
- Potential shifts in global supply chains that could influence cost and availability.
- Technological advancements in alternative materials impacting demand.
- Regulatory changes affecting import conditions and environmental considerations.
