In 2023, the import value of handbags with outer surfaces of plastic sheeting or textile materials to the US stood at a crucial point before the forecasted increase. The outlook from 2024 to 2028 indicates a steady year-on-year increase in import value, forecasting growth from $1.5999 billion in 2024 to $1.6621 billion in 2028. Over these years, we observe a consistent rise, reflecting a compound annual growth rate (CAGR) that suggests a gradual yet stable market expansion.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly materials could impact market preferences and sourcing strategies.
- Trade policies and economic trends may influence import volumes and pricing structures moving forward.
- Emerging fashion trends and consumer preferences will significantly shape the import demand dynamics.