In 2023, the re-import of mechanically made lace of man-made fibres to China stood at a significantly higher level, given the declining trend observed in the subsequent forecasted years. In 2024, the volume is anticipated at 697.09 thousand kilograms, beginning a gradual decline through 2028, which is expected to reach 653.44 thousand kilograms. This showcases a consistent downward trend, indicating a reduction in re-import activity for this product, with a negative CAGR over this period.
Future trends to watch for include:
- Potential shifts in domestic production capabilities, which may impact re-import requirements.
- Global market fluctuations affecting supply chain dynamics and exchange rates that could alter import costs.
- Changes in consumer preferences and technologies that may influence demand for specific types of lace.