The import of pile knit or crochet fabric of natural yarn not cotton to the US has been forecasted to grow steadily from 2024 to 2028. In 2023, the volume stood at a specific level, with an anticipated increase to 190.9 thousand kilograms in 2024. This upward trend continues through 2028, where the volume reaches 212.26 thousand kilograms. Year-on-year variation shows a gradual increase of about 2-3% annually, indicating a stable growth trajectory. The compound annual growth rate (CAGR) over these five years reflects a consistent demand and market expansion for such fabrics, partly due to shifting consumer preferences and sustainability trends.
Future trends to watch for include:
- Increased demand for sustainable and natural fabrics, potentially driving further growth in imports.
- Economic factors such as trade policies or tariffs that may influence market dynamics.
- Technological advancements in fabric production that could impact the cost and availability of imported fabrics.