The import of raw or retted flax fibre to the US is forecasted to grow steadily from 2024 to 2028, starting at $969.36 thousand in 2024 and reaching $1028.0 thousand in 2028. This represents an increasing trend with a compound annual growth rate (CAGR) over this period. In 2023, the import value was marginally lower, indicating a consistent rising demand. The year-on-year growth from 2024 to 2028 exhibits a stable increase, with a clearer upward trajectory observed in subsequent years.
Future trends to watch for include:
- Potential shifts in global supply chains affecting the flax fibre market.
- Increased US demand for sustainable textile materials could further boost imports.
- Economic factors or trade policies that could impact international trade dynamics.