The turnover for retail of cotton and hemp in China stood at 4.0 hundred million Yuan Renminbi in 2023. From 2024 to 2028, forecasted turnovers indicate a gradual decline: 4.0 (2024), 3.84 (2025), 3.71 (2026), 3.6 (2027), and 3.52 (2028). Year-on-year percentage variations show -4% from 2024 to 2025, -3.4% from 2025 to 2026, -3% from 2026 to 2027, and -2.2% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is approximately -2.5%.
Future trends to watch for include potential impacts of sustainable fashion movements, advancements in alternative materials, and economic fluctuations influencing consumer behavior towards cotton and hemp products. Increasing environmental awareness could either spur demand for natural fibers or shift it towards more sustainable alternatives.
