The import of textile fabric for card clothing and technical use to the US is projected to decline over the forecast period from 2024 to 2028, based on the provided forecasts. In 2023, the import stood at approximately 1.57 million kilograms. Compared to 2024, there's a year-on-year decrease of about 7%. Each subsequent year sees a similar declining trend with a Compound Annual Growth Rate (CAGR) of approximately -8% over the five-year period from 2024 to 2028, indicating a consistent annual reduction in import volume.
Future trends to watch for include:
- Shifts in domestic production capabilities, potentially impacting import needs.
- Technological advancements in textile manufacturing that might influence demand for imported technical fabrics.
- Global trade policies and tariffs that could affect import volumes and costs.
