The import value of plastic frames and mountings for spectacles to the US is forecasted to grow steadily from 2024 to 2028, with figures rising from $840.92 million in 2024 to $942.84 million in 2028. Comparing this trend to 2023, where the actual import value was $813 million, we observe a consistent upward trajectory. Between 2023 and 2024, the imports are predicted to rise by approximately 3.4%. The forecasted compound annual growth rate (CAGR) from 2024 to 2028 stands at around 3.2%, indicating a moderate but sustained increase over the five-year period.
Future trends to watch for include:
- Technological advancements in manufacturing, potentially influencing trade dynamics.
- Economic policies affecting international trade costs and logistics.
- Shifts in consumer preferences towards sustainable products which may impact plastic material demand.
- Impact of any new trade agreements or tariffs between major exporting countries and the US.