The import of knitted or crocheted women's and girls' jackets and blazers of wool or fine animal hair to the US is projected to decline steadily from 2024 through 2028, with values decreasing from $115.39k in 2024 to $67.19k in 2028. When comparing 2023 data, the year-on-year forecast for 2024 shows the start of a negative trend. From 2024 to 2028, the compound annual growth rate (CAGR) indicates a continuous drop in imports.
Future trends to watch for include shifting consumer preferences toward sustainable and synthetic materials. Additionally, the economic climate might impact discretionary spending on high-end wool products, potentially exacerbating declining trends.
