In 2023, the import value of knit or crochet fabric of wool or fine animal hair to the US stood higher than the projected figures. From 2024 to 2028, a declining trend is observed, with a consistent year-on-year decrease. The projected compound annual growth rate (CAGR) over this five-year period highlights a continuous average annual reduction.

Future trends to watch for include:

Changes in US trade policies and tariffs that could impact import volumes.
Evolving fashion trends that might affect demand for knit or crochet fabric.
Technological advancements in fabrics that could shift preferences away from wool or fine animal hair.
Environmental and ethical considerations increasingly shaping consumer choices and affecting market dynamics.