The forecasted import of jute to the US in 2024 is valued at 3.0901 million USD, increasing to 3.2396 million USD by 2028. This indicates a consistent upward trend from 2024 onwards. Without data for 2023, it's challenging to calculate precise year-on-year variations or the compound annual growth rate (CAGR); however, the stable progression suggests modest annual growth over this period.
Future trends to watch:
- Diversification of jute utilization beyond traditional sectors, including development in sustainable packaging and fashion trends.
- Impact of environmental policies and green initiatives encouraging the use of natural fibers like jute.
- Global supply chain stability and its effect on jute imports due to geopolitical changes or trade agreements.