The import of garments of knit or crochet impregnated fabric to the US was approximately at 8.40 million kilograms in 2023. Forecasts for 2024 to 2028 indicate a slight decline from 8.4035 million kilograms to 8.3798 million kilograms, reflecting a decreasing trend with negligible year-on-year variations. Overall, this translates into a muted decline with minimal impact on the compound annual growth rate over the period.
Key future trends to monitor include:
- Impact of global trade dynamics influencing import patterns.
- Shifts in domestic production versus international sourcing.
- Changes in consumer preferences affecting demand for knitted garments.
- Technological innovations in garment manufacturing and their potential effect on imports.