In 2023, the import of knit or crochet fabric of wool or fine animal hair to the US stood at approximately 100.93 thousand kilograms. Forecasts indicate a gradual decline from 2024 onwards. By 2028, imports are expected to decrease to 93.49 thousand kilograms, marking a continuous downward trajectory. The year-on-year variation reveals a decline at an average of 1.5% annually over this period. Likewise, the compounded annual growth rate over the five-year span is projected to be negative, averaging around -1.7%.
Future trends to watch include potential shifts in consumer preferences towards more sustainable materials, changes in trade policies affecting wool imports, and technological advancements that might impact production efficiency. Additionally, fluctuations in global wool prices could also influence import volumes.
