The import of knotted carpets of wool or fine animal hair to China is forecasted to show a steady growth from 2024 through 2028. In 2023, this market stood at $7.750 million. From 2024 to 2028, there is a consistent year-on-year increase with values rising from $7.9485 million in 2024 to $8.7406 million in 2028, representing a compound annual growth rate (CAGR) of approximately 2.43%. This indicates a positive growth trend, suggesting a growing demand or preference for these products in China.
Future trends to watch for include potential shifts in consumer preferences towards sustainable or handmade textiles, which might boost demand further. Additionally, changes in trade policies or fluctuations in wool prices could impact import quantities and values. Monitoring these factors will be crucial for market stakeholders.
