The forecast for household expenditure on household textiles in the US shows a gradual decline from $90.91 in 2024 to $85.94 in 2028. Compared to 2023, where spending was approximately $92, this marks a consistent downward trend. Specifically, from 2024 to 2025, there is a year-on-year decrease of 1.41%, followed by a decline of 1.41% from 2025 to 2026. The years 2026 to 2027 and 2027 to 2028 see further decreases of 1.4% and 1.38%, respectively, resulting in a negative compound annual growth rate (CAGR) of -1.39% over this five-year period.
Looking ahead, future trends will likely be influenced by changes in consumer preferences towards sustainable and durable textiles, potential increases in manufacturing costs, and economic factors impacting disposable income. Monitoring these factors will be crucial to understand how they may alter future expenditure patterns in household textiles.
