The import of looped pile knit or crochet fabric of manmade fibers to the US is projected to decrease from 2024 to 2028. From $48.889 million in 2024, forecasts show a steady decline to $42.073 million in 2028. The year-on-year variations indicate a consistent decrease, emphasizing a shrinking market. The compound annual growth rate (CAGR) over these five years reflects a gradual contraction. In 2023, the actual import value stood higher, marking the onset of this downward trend.

Future trends to watch for:

Potential shifts in textile manufacturing locations affecting import dynamics.
Changes in consumer preferences towards sustainable and locally produced textiles.
Trade policy adjustments influencing import tariffs and market access.
Technological advances in domestic manufacturing potentially reducing reliance on imports.