The import of knit or crochet fabric of manmade fibers to the US is forecasted to increase from 120.82 million kilograms in 2024 to 132.28 million kilograms in 2028. This indicates a steady growth with an average year-on-year increase of approximately 2.4%. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.2%. In 2023, the actual import volume stood at a presumably lower level, though unspecified. The consistent increase reflects a rising demand within the industry for these materials.
Future trends to watch for include:
- Potential shifts in trade policies impacting imports.
- Innovations in fabric production technology.
- Changes in consumer preferences towards sustainable materials.
- Fluctuations in raw material costs influencing import volume.
