The import value of not carded or combed cotton to China is projected to decline from 2024 to 2028. In 2023, the import stood at $2 billion. The forecast for 2024 indicates a drop to $1.9224 billion, followed by further reductions each subsequent year, reaching $1.3649 billion by 2028. This represents an average annual decline of approximately 5% during this period.
Future trends to watch for:
- Potential shifts in global cotton production and prices
- China's domestic cotton production and its impact on imports
- Policy changes affecting textile and apparel industries
- Advancements in synthetic alternatives to cotton
