In 2023, the import value of pile knit or crochet fabric of manmade fibers to the US stood at a historical level. From 2024 to 2028, the forecast shows a consistent decline in import value, starting from 39.727 million USD in 2024 to 37.179 million USD by 2028. The year-on-year variation indicates a steady decrease, reflecting a weakened demand or changing supply chain dynamics. Over the five-year period, the compounded annual growth rate (CAGR) highlights an average annual decrease in the import value.
Future trends to watch for include shifts in fashion industry demands, advancements in domestic textile production, and potential changes in trade policies that could affect the imports of such fabrics. These factors will play critical roles in shaping the import landscape for manmade fiber textiles in the upcoming years.
