In 2023, the import value of knitted or crocheted gloves, mittens, or mitts of wool or fine animal hair to the US was approximately USD 11 million. The forecast for 2024 shows a decline to USD 10.777 million, marking a year-on-year decrease. This downward trend is expected to continue through 2028, with values decreasing gradually each year. The cumulative annual growth rate (CAGR) over this forecast period suggests an average yearly decline, influenced by factors such as changes in demand, economic conditions, or increased domestic production.
Future trends to watch for include shifts in consumer preferences toward sustainable products, which might affect imports, and changes in global trade policies that could impact supply chains and import costs.
