In 2023, the US imported men's and boys' trousers and shorts of wool or fine animal hair at a lower volume compared to the forecasted figures. Forecasts indicate a decreasing trend in imports from 2024 to 2028, showing a steady decline in volume over this period. The year-on-year variation reflects this downward trend, declining slightly each year. The compound annual growth rate (CAGR) over the next five years highlights an average annual reduction, suggesting persistent import volume shrinkage.
Future trends to watch for include:
- Potential impacts of sustainable fashion movements on wool product demand.
- Fluctuations in global wool prices and their effect on import volumes.
- Shifts towards synthetic alternatives and its influence on wool imports.
