The import of electric smoothing irons to the US is projected to decline steadily from 2024 to 2028. In 2023, imports stood at a higher level, from which they are expected to decrease consistently each year. The year-on-year variations reveal a gradual reduction in volume, indicating declining demand or potential market saturation. The five-year compound annual growth rate (CAGR) further underscores this downward trajectory. Over this period, the average yearly reduction signals shrinking import needs or shifts to alternative technologies.
Future trends to monitor include technological advancements in garment care, changing consumer preferences towards sustainable and multifaceted appliances, and potential shifts in global trade policies affecting import dynamics.
