In 2023, the US imported shawls, scarves, and veils of artificial fibers worth $36.5 million. The forecast from 2024 to 2028 shows a consistent decline in import values. The year-on-year percentage decrease is projected to be approximately 7.6% from 2024 to 2025, followed by roughly 8.1% in subsequent years. Over the five-year period, from 2024 to 2028, the compound annual growth rate (CAGR) indicates a steady downward trend at an average rate of about 7.5% annually.
Future trends to watch for include:
- Shifting consumer preferences towards sustainable and natural fibers.
- Influence of environmental policies on artificial fiber production.
- Potential trade policy changes impacting import tariffs and trade agreements.
- The rise of domestic production capabilities for similar textiles.
