The re-import of machinery for making felt and nonwovens, including hats to France shows a declining trend from 2024 to 2028, with a decrease in volume projected from 126.86 thousand kilograms in 2024 to 115.71 thousand kilograms in 2028. This represents an overall decrease of 8.8% over this period. The year-on-year reduction is steady, with a compound annual growth rate (CAGR) of approximately -2.3%.
Trends to watch for in the future include:
- Innovations in production technology that could potentially reverse the declining trend in machinery re-importation.
- Changes in the global trade policies that could impact the import-export balance.
- Emerging markets and demand for these materials in new industries driving changes in local production needs.
