In 2023, the import value of not knitted or crocheted gloves, mittens or mitts to the US stood at approximately $385 million. The forecast from 2024 to 2028 indicates a consistent growth trend with values rising from $392.88 million to $420.14 million. The year-on-year percentage growth remains stable, averaging around 1.7% annually over this period. This consistent increase suggests a steady demand within the US market.
Future trends to watch for include:
- Changes in global trade policies that may affect import tariffs or quotas.
- Technological advancements in materials that could shift demand towards alternative glove types.
- Potential shifts in US consumer preferences due to climate change or health and safety concerns.