As we step into 2024, the import value of rubber or plastic vacuum moulders and thermoformers in the US is projected at $2.9 thousand, progressing through to $3.2 thousand by 2028. This reflects a consistent upward trend with an average annual growth rate (CAGR) over this period of approximately 2.4%. In 2023, the import value stood slightly below this forecast at $2.82 thousand, indicating a steady increase year-on-year starting into the forecast period.

Future trends to watch for:

The impact of technological advancements and automation on production efficiency, potentially boosting demand.
Fluctuations in raw material prices that may affect import volumes and costs.
The influence of trade policies and tariffs on international supply chains.