In 2023, the import volume of tufted carpets of wool or fine animal hair to China was at a notable level. The forecast from 2024 to 2028 shows a steady incremental trend in import volume, from 327.29 to 331.5 thousand kilograms. This represents minimal year-on-year growth, reflecting a stable demand. The compound annual growth rate (CAGR) over this period is approximately 0.32%, signifying consistent but low expansion.
Future trends to watch for include:
- Potential changes in consumer preferences towards sustainable and natural products.
- The impact of global economic conditions on import volumes.
- Trade policy shifts that could affect tariffs and market accessibility.
- Technological advancements in alternative flooring materials that may influence demand.