The forecast for the import of wool, animal hair, horsehair yarn, and fabric thereof to the US shows a declining trend from 2024 to 2028. In 2023, the import value stood at $264.60 million. Over the forecast period, there is a consistent decrease in import value, with an approximate year-on-year percentage decline averaging around 1.7%. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average decrease of 1.4% per year, reflecting a steady downward trajectory.
Future trends to watch for include:
- Shifts in fashion industry demand for natural fibers.
- The impact of sustainable and synthetic alternatives on wool imports.
- Changes in trade policies affecting the textile sector.
