The forecast for the import of jute and other textile bast fibres tow and waste to the US indicates a gradual increase from 2024 to 2028, with values predicted to rise from $2.3183 million to $2.5732 million. In 2023, imports stood at a slightly lower figure, with the forecasted period revealing a slow but steady growth trend.
Year-on-year variations suggest consistency in demand, with an expected annual compound growth rate (CAGR) over the five years that points to a moderate expansion of the market.
Future trends to watch for:
- The impact of sustainable practices on the demand for natural fibres.
- Changes in global production influencing supply and import prices.
- Technological advancements affecting the textile industry's efficiency.
