The re-import value of knotted carpets made from materials other than wool or fine animal hair to China is forecasted to see a steady increase from 2024 to 2028. In 2023, the re-import value stood at 115.5 thousand US dollars. From 2024, the growth rate year-on-year is projected to be approximately 1.39% in 2025, 1.35% in 2026, 1.31% in 2027, and 1.27% in 2028. The Compound Annual Growth Rate (CAGR) over the 5-year period starting 2024 is estimated to be around 1.34%.
Future trends to watch for:
- Increased demand for diverse carpet materials driven by interior design trends.
- Potential impacts of global trade policies on carpet import dynamics.
- Emerging sustainability trends influencing material choices and consumer preferences.