In 2023, the import value of knitted or crocheted pullovers and cardigans of synthetic fibers to the US was approximately $1.64 billion. From 2024, the forecasted data indicates a steady year-on-year increase, with values reaching $1.88 billion by 2028. The annual growth rates suggest a consistent upward trend, reflecting a compound annual growth rate (CAGR) of about 2.8% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Increasing consumer preference for sustainable synthetic fibers might impact import dynamics.
- Trade policies and tariffs could alter import volumes and costs.
- Technological advancements in synthetic fiber production could influence market trends.