Forecast: Import of Yarn of Wool or of Fine Animal Hair to China

In 2023, the import value of yarn of wool or of fine animal hair to China stood at a higher level before the 2024 forecast of 576.61 thousand USD.

Year-on-year variations exhibit a downward trend from 2024 to 2028, depicting a consistent decrease in import values at an average declining rate. Specifically, the value is expected to fall from 576.61 thousand USD in 2024 to 329.79 thousand USD in 2028.

The compound annual growth rate (CAGR) over these five years suggests a negative trend in demand or shifts in sourcing strategies within China.

Future trends to monitor include:

  • Changes in global wool production and pricing that could impact imports.
  • China's investment in domestic wool industries which might alter import needs.
  • Trade policies impacting wool importation and global market shifts.

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