The re-import of woven fabrics of combed wool or combed fine animal hair to China is forecasted to experience a consistent decline from 2024 to 2028. Starting at approximately 981.83 thousand USD in 2024, the value reduces year-on-year by 11.5% in 2025, 12.7% in 2026, 14.3% in 2027, and 16.3% by 2028. This decline hints at a CAGR of around -13.3% across this forecast period. As of 2023, this figure stood notably higher, indicating a significant downward trajectory as projected for the future.
Future trends to watch for:
- Changes in global wool market prices impacting re-import costs.
- China's domestic policy adjustments regarding textile imports.
- Shifts in consumer preferences towards sustainable or alternative materials.
- Potential economic factors or trade policies affecting the re-import trend.
