In 2023, the re-import of knitted or crocheted fabric to China stood at $213.29 million. The forecast data from 2024 to 2028 shows a consistent downward trend. Between 2024 and 2025, the value is expected to drop by 7.72%, and by 2026, another 8.23% decrease is anticipated. This trend continues with a drop of 8.75% by 2027 and 9.44% by 2028. The Compound Annual Growth Rate (CAGR) over these five years projects an average annual decline of about 7.26%.
Future trends to watch for:
- Potential shifts in global trade policies affecting import prices.
- Technology advancements in domestic fabric production reducing import reliance.
- Market demand changes driven by new fashion trends or economic conditions.
