The import of woven fabric of noil silk to the US is projected to decline steadily over the next five years, with forecasts indicating a reduction from 36.58 thousand kilograms in 2024 to 31.12 thousand kilograms by 2028. This represents a clear downward trend, continuing the previous patterns observed in the market. Given that in 2023, the US imported around 37.78 thousand kilograms, the forecasted figures show a decline.
Key variations and trends:
- The year-on-year percentage decrease from 2024 to 2025 is estimated at 3.83%.
- From 2025 to 2026, the decrease is anticipated at 3.92%.
- From 2026 to 2027, the drop is estimated at 4.01%.
- From 2027 to 2028, the decline is expected to be 4.07%.
- The CAGR from 2024 to 2028 is projected to be approximately -3.94%.
While the current forecast suggests a continual decrease in import volume, future trends that could impact this trajectory include changes in fashion industry demands, potential trade policy shifts, and technological advancements in textile production. Monitoring these factors will be crucial for adjusting projections and strategic planning.
