The import volume of flax tow and waste, including yarn waste, to the US is projected to decline steadily from 2024 to 2028. In 2023, the volume was higher than the 2024 forecast, signaling the beginning of a downward trend. Each subsequent year shows a significant drop, with a compound annual growth rate indicating a continuous decrease over the five-year forecast period.
Future trends to watch for include:
- Potential shifts in global flax production affecting availability and prices.
- Changes in US domestic production capacity or technology advancements.
- Trade policy developments that could impact import tariffs or restrictions.
