The forecast for the import of woven pile fabric of wool or fine animal hair to China shows a slight decreasing trend from 2024 to 2028, indicating a steady decline in the market. In 2023, the imports were valued slightly higher than the forecasted 2024 figure of 5.0292 million US dollars. The year-on-year percentage variations indicate a gradual reduction in import values at about 0.4% per annum, with a compound annual growth rate (CAGR) showcasing a small negative growth across the five-year forecast period.
Future trends to watch for include potential shifts in consumer demands towards sustainable and alternative fabric materials, possible trade policy adjustments impacting wool imports, and the global economic climate influencing production and supply chain logistics. Monitoring changes in these areas will be crucial for assessing the ongoing robustness of the market and predicting potential adjustments in import values beyond 2028.
