The import of cuttings and slips not rooted to the US is projected to grow steadily from 2024 to 2028, as indicated by forecasted values. The year-on-year increase from 2023, when imports stood at approximately $1.25 billion, reflects a gradual growth trend, showcasing consistent demand.
Annual growth rates between the years show a slight increment, with the compound annual growth rate (CAGR) over this period illustrating a stable upward trajectory. From 2024 to 2028, the market anticipates an average growth that maintains consistent single-digit percentage increases year on year.
In terms of future trends to watch for:
- Potential shifts in global horticultural practices could impact demand.
- Trade policies, environmental regulations, and technological advances in agriculture might influence growth.
- Monitoring consumer preferences for sustainability may affect import dynamics.