Based on data up to 2023, the import value of wadding, felt, nonwovens, yarns, twine, and cordage to China in 2023 stood at $1.4741 billion USD. The year-on-year growth from 2022 to 2023 was 2.05%, suggesting a moderate but stable increase. Analyzing the CAGR over the past five years (2018-2023) shows an average annual growth of 2.15%, indicating a consistent upward trend. The forecasted data from 2024 to 2028 predict a gradual increase, reaching $1.6284 billion USD by 2028, with a five-year CAGR of 1.57%, equating to an 8.09% overall growth rate.
Future trends to watch for include potential impacts of global supply chain dynamics, advancements in textile technology, and shifts in domestic manufacturing capacities that could influence import volumes and values. Additionally, any changes in trade policies or tariffs could significantly alter the forecast trajectory.
