In 2023, the import value of abrasive powder or grain on paper or paperboard support to the US was recorded at approximately 170 million USD. The forecast for 2024 shows a modest increase to 171.68 million USD, with a gradual year-on-year growth projected to reach 177.24 million USD by 2028. This indicates a consistent growth pattern with an average year-on-year increase of around 1.5%. The compounded annual growth rate (CAGR) over this five-year period reflects stable demand in the market.
Future trends to watch include:
- Technological advancements that may drive efficiency in production.
- Shifts in global economic conditions that could impact trade policies and costs.
- Changes in consumer preferences towards sustainable and eco-friendly products.
- Potential supply chain disruptions due to geopolitical tensions or natural events.