The forecast for the import of woven fabrics of carded wool or carded fine animal hair not exceeding 300 g/m2 into the US shows a declining trend over the period from 2024 to 2028. The estimated import value decreases from 3.456 million USD in 2024 to 2.989 million USD in 2028. This consistent decline represents a year-on-year reduction of approximately 3%–4%. For historical context, in 2023, imports were at 3.570 million USD, indicating the start of this downward trend. Over a five-year horizon, from 2024 to 2028, the compound annual growth rate (CAGR) suggests a continuous deterioration in import levels.
Future trends to watch for include:
- Changes in US fashion industry demand and consumer preferences for sustainable and environmentally friendly materials.
- Potential policy changes or trade agreements affecting the textile industry.
- Shifting global production dynamics, including cost variations in major export countries.
- Technological advancements in textile manufacturing that might alter production and import patterns.