In 2023, the import value of not carded or combed staple fibres of polypropylene to the US was approximately 105.0 million dollars. Forecasts suggest a steady upward trend from 2024 to 2028. The imports are projected to grow by approximately 3.9% annually. Year-on-year increases range from 3.9% to 3.2%, with the highest growth between 2024 and 2025 at 3.9%. Over the five-year period, the compound annual growth rate (CAGR) is projected to be approximately 3.7%, indicating consistent growth in demand.
Future trends to watch for include:
- Potential shifts in global supply chains and geopolitical tensions affecting prices.
- Technological advances potentially reducing costs or introducing substitutes.
- Regulatory changes influencing environmental standards for polypropylene production.
