In 2023, the import of knitted or crocheted hosiery of wool or fine animal hair to the US stood at approximately 1.014 million kilograms. From 2024 onwards, forecasts indicate moderate year-on-year growth, with expected volumes rising from 1.0442 million kilograms in 2024 to 1.1617 million kilograms in 2028. This represents a compound annual growth rate (CAGR) of about 2.7% over this period. The predicted increase reflects a steady demand for these specialized textiles driven by consumer preference for premium, sustainable materials.
Future trends to watch for include:
- Potential shifts in consumer demand towards eco-friendly and sustainable textiles influencing import volumes.
- Trade policy adjustments that could affect import costs and volumes.
- Innovations in textile technology that may alter production and import trends.