As of 2023, the import value of knitted or crocheted pullovers, cardigans of wool or fine animal hair to the US stood at approximate values slightly above 19 million. The forecast reveals a declining trend in imports, with a decrease to approximately 15.44 million by 2028. Year-on-year comparisons indicate consistent reductions, with variations decreasing by near 4% annually. With a Compound Annual Growth Rate (CAGR) spanning from 2024 to 2028, the sector expresses an average annual decline due to diverse driving forces including potential shifts in consumer preferences and production costs.
Future trends to monitor include an increase in demand for sustainable and ethical wool products, potential shifts in fashion trends towards alternative fibers, and the impact of trade policies affecting wool importation costs.
