In 2023, the import value of knitted or crocheted men's and boys' overcoats, capes, or cloaks of man-made fibers to Germany stood at approximately $124 million. In 2024, this figure is forecasted to increase to $127.67 million, showing a year-on-year growth of around 2.96%. The forecast continues to predict a steady annual increase, reaching $142.04 million by 2028. Over this period, the compound annual growth rate (CAGR) is about 3.37%, indicating a consistent upward trend in import values.
Future trends to watch for include:
- The impact of sustainable fashion trends on man-made fiber imports.
- Trade policy changes that could affect import tariffs or regulations.
- Potential supply chain disruptions or innovations influencing production and import costs.