The forecast for the import of yarn made from coarse animal hair or horsehair to China shows a steady annual growth from 2024 to 2028, starting at 159.84 thousand USD and increasing to 179.63 thousand USD. Unfortunately, the data for 2023 is unavailable, restricting specific year-on-year comparisons. However, based on the forecast, the compound annual growth rate (CAGR) over this period is positive, indicating a consistent yet moderate increase in import values over these years.
Future trends to watch for include:
- Fluctuations in demand for luxury textiles, which may affect the import of coarse yarns.
- Potential shifts in global trade policies impacting China’s yarn import strategy.
- Technological advancements in textile manufacturing that may influence import volumes and values.