In 2023, the import of knitted or crocheted men's and boys' overcoats, capes, or cloaks of cotton to the US stood at 372 million USD. Forecasts for 2024 show a decrease to 367.32 million USD, continuing a downward trend through 2028 with each year experiencing a reduction of approximately 1.3%. The compound annual growth rate (CAGR) from 2023 to 2028 is negative, indicating a consistent decline in the import value of these products.
Future trends to watch for include:
- Shifts in fashion trends that might affect demand for these garments.
- Changes in trade policies or tariffs that could impact import costs.
- Sustainability and ethical sourcing that might alter consumer preferences.
