In 2023, the actual import value of knitted or crocheted non-cotton T-shirts, singlets, and other vests to the US stood at approximately $1.059 billion. The forecast for 2024 projects an increase to $1.0967 billion, reflecting a year-on-year growth of about 3.5%. This positive trend is expected to continue with year-on-year increases of approximately 3.6% in 2025, 3.4% in 2026, and 3.2% in 2027. By 2028, the forecasted import value is $1.2484 billion. The compound annual growth rate (CAGR) for 2023-2028 is estimated at around 3.4%.
Future trends to watch for include:
- The impact of emerging sustainable fashion trends that may drive demand for non-cotton apparel due to environmental concerns.
- Potential shifts in consumer preferences influenced by technological innovations in fabric production.
- Changes in trade policies that could affect international import dynamics.
- The evolving competitive landscape within the global apparel industry, potentially impacting US import volumes.
