The forecast for the US import of yarn of fine animal hair from 2024 to 2028 shows a consistent upward trend, with values increasing from $6.864 million in 2024 to $7.1157 million in 2028. This represents a year-on-year growth rate of approximately 0.94% on average. Compared to 2023, there is a notable growth trend, but specific historical data for 2023 isn't provided here. The compound annual growth rate (CAGR) over this period implies steady growth.
Future trends to watch for include:
- Potential impacts of changing trade policies between major yarn exporting countries and the US.
- Advancements in alternative textile materials that could affect demand for animal hair yarn.
- Environmental and sustainability trends influencing consumer preferences and regulatory landscapes.
