The import of yarn of combed fine animal hair to China is projected to decline steadily from 343,000 kilograms in 2024 to 229,520 kilograms by 2028. This indicates a decreasing trend in volume, reflecting a year-on-year decline and a compounded annual growth rate (CAGR) that suggests diminishing demand or a shift in sourcing strategies. Compared to the import volume in 2023, this will mark a significant downward adjustment over the forecasted period.
Future trends to watch for include:
- Potential changes in global supply chain dynamics affecting availability and cost.
- Shifts in China's domestic textile industry that could influence import volumes.
- Environmental and sustainability initiatives impacting demand for animal-based textiles.
- Currency fluctuations affecting purchasing power and import decisions.