The gross value added for Textiles, Wearing Apparel, and Leather Products Manufacturing in the US is forecasted to decrease from $25.41 billion in 2024 to $24.33 billion in 2028. Between 2024 and 2025, there is a decline of approximately 1.06%, followed by similar year-on-year decreases. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximate -1.09%, indicating a consistent downward trend.

Future trends to watch for include:

Technological advancements that might change manufacturing processes.
Sustainability and eco-friendly materials shifting consumer preferences and regulations.
Potential impact of trade policies affecting import and export dynamics.
Supply chain adaptations post-pandemic affecting cost structures.