The import of textured polyester yarn to China is projected to decline over the forecast period from 2024 to 2028. Beginning 2024, the import value is $126.17 million and is expected to decrease gradually to $118.68 million by 2028. This represents a compound annual growth rate (CAGR) suggesting an average annual decline of approximately 1.45%. As of 2023, the actual import value had already experienced a downward trend which seems to be consistent over the projected years.
Future trends to watch for include:
- Potential shifts in global supply chain dynamics impacting polyester yarn import prices.
- Developments in domestic polyester yarn production capacity which could further reduce import demand.
- Environmental policies and sustainability initiatives affecting polyester textile consumption.
- Fluctuations in international trade agreements that could influence import tariffs and quotas.
