In 2023, the import of boards of vegetable fibre with mineral binder or cement to the US stood at an estimated 22.856 million kilograms. The forecasted data from 2024 to 2028 shows a steady annual increase in import volume, starting at 23.288 million kilograms in 2024 and gradually rising to 25.039 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of approximately 1.8% over the five-year forecast period. Year-on-year growth is expected to be moderate, ranging around 1.9% to 2.0%.
Future trends to watch for include:
- Potential fluctuations in construction activity impacting demand for these materials.
- Changes in US trade policies that could affect import dynamics.
- Technological advancements in alternative materials that may influence the market.