In 2023, the import value of knitted or crocheted women's and girls' overcoats, capes, or cloaks of wool or fine animal hair to the US was $39.63 million. Over the period from 2024 to 2028, a gradual upward trend is expected with a compound annual growth rate (CAGR) of approximately 1.46% per year. The annual increases demonstrate a consistent year-on-year growth of around 1.5% to 1.6%.

Future trends to watch for include:

Potential shifts in fashion trends favoring more sustainable and ethically produced materials could impact demand.
Trade policies and tariffs that could affect import costs and volumes from key exporting countries.
Technological advancements in textile production potentially influencing costs and efficiency.