The import forecast of waste wool or fine coarse animal hair to China shows a steady growth trajectory from 2024 to 2028, starting at 34.068 million USD in 2024 and reaching 39.583 million USD in 2028. This indicates a consistent year-on-year increase approximately between 3.5% to 3.8%. The compound annual growth rate (CAGR) over this period is predicted around 3.9%. As of 2023, the import value stood at 32.863 million USD, reflecting the growing domestic demand for recycled textiles and sustainability initiatives.
Future trends to watch for include:
- China's expanding textile recycling capabilities, which could further boost imports.
- Potential changes in international trade policies affecting wool and animal hair waste.
- Innovations in textile processing technology improving recycling efficiency.