The import of flat knitting machines and stitch-bonding machines to the US was pegged at 26.300 million US dollars in 2023. Forecasted values show a steady rise in imports, reaching 27.589 million US dollars by 2028. This indicates a consistent upward trend with an approximate year-on-year growth of around 1% to 1.5% from 2024 to 2028. The compound annual growth rate (CAGR) over the forecasted period is about 0.9%, reflecting modest but stable growth.
Future trends to watch for include:
- Technological advancements in knitting machines impacting demand.
- Economic factors affecting import volumes and values.
- Shifts in consumer preferences towards sustainable and custom textile products.
