The forecasted data for spun carded cotton yarn sales in the US shows a gradual decline from $1.5376 billion in 2024 to $1.4203 billion in 2028. Compared to 2023's actual data, this represents a consistent downturn with year-on-year variations averaging around a 2% decrease. Over five years, the compound annual growth rate (CAGR) is negative, indicating a steady contraction in market value. This decline could be attributed to various factors such as shifts in consumer preferences, technological advancements, and changes in the global cotton market dynamics.
Future trends to watch for include:
- Emergence of sustainable and synthetic alternatives to traditional cotton yarns.
- Impact of international trade policies and tariffs on raw material costs.
- Technology-driven efficiencies in manufacturing and supply chain processes.
- Consumer trends toward eco-friendly fibers and their influence on market demand.