In 2023, the US imported approximately [insert actual value from 2023 in Million Kilograms here] of jute and other textile bast fibres tow and waste. From 2024 onwards, the forecasted figures show a consistent increase, growing from 1.8395 million kilograms in 2024 to 2.0414 million kilograms by 2028, indicating a steady rise. Year-on-year growth from 2024 to 2025 is approximately 2.83%, and from 2025 to 2026, it's about 2.7%. From 2026 to 2027, growth is around 2.57%, and from 2027 to 2028, it's 2.46%. The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately 2.66%.
Future trends to watch for include:
- Potential changes in global trade agreements affecting import dynamics.
- Technological advancements in textile production influencing demand for raw materials.
- Increased focus on sustainability potentially boosting demand for natural fibres.
- Impact of geopolitical events on supply chain stability and costs.