The import of felt paper and paperboard to the US is forecasted to continually decline from 2024 to 2028, starting at 3.5 million USD in 2024 and ending at approximately 2.1 million USD. This consistent decrease suggests a significant reduction of about 10% year-on-year from previous figures. Compared to 2023, the imports were higher, indicating a notable downward trend that accumulates into a 10.74% compound annual growth rate (CAGR) over these five years.
Future trends to watch for:
- Emerging sustainable product alternatives potentially affecting traditional felt paper demand.
- Shifts in U.S. manufacturing capabilities that may reduce dependence on imports.
- Trade policy changes impacting the cost of importing felt paper and paperboard.