The forecast for the import of knitted or crocheted pullovers and cardigans made of wool or fine animal hair to China from 2024 to 2028 shows a declining trend. In 2023, the import value is estimated at approximately 3.4 million. Year-on-year, the imports are expected to decrease by about 6% each year until 2028. The compound annual growth rate (CAGR) over this five-year period reflects an average annual decline of around 6.5%.

Future trends to watch for include:

Shifts in consumer preferences towards sustainable or locally-sourced textiles, potentially impacting demand for imported woolen products.
Policy changes affecting trade relations or import tariffs, which could alter economic incentives for international suppliers.
The impact of evolving fashion trends and economic conditions on the luxury textiles market within China.