Forecast: Import of Flax Yarn to the US

In 2023, the import of flax yarn to the US was considerably higher than the forecast for 2024, which stands at 1.7706 million USD. The subsequent years indicate a gradual decline in value, showcasing a continual downward trend through 2028. Notably, the year-on-year variation declines steadily, highlighting a decreasing demand or possible substitution with alternative materials or local production. The compound annual growth rate over the five-year period reflects this contracting market.

Future trends to watch include:

  • Shifts in consumer preferences towards sustainable and eco-friendly materials, potentially impacting flax yarn demand adversely.
  • Technological advancements in textile production that could either diminish or revive flax yarn usage.
  • Trade policy changes under new administrations that may affect import tariffs and competitiveness.

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