The re-import of knitted or crocheted pullovers and cardigans of wool or fine animal hair to China shows a consistent upward trend from 2024 to 2028. This increase corresponds to a year-on-year growth rate of approximately 3.9% from 2024 to 2025, 3.7% from 2025 to 2026, 3.5% from 2026 to 2027, and 3.3% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 3.6%. In 2023, before these forecasted figures, the value of re-imports stood notably lower than the forecasted values.
Future trends to watch for include:
- Impact of international trade policies and tariffs on re-import levels
- Consumer demand shifts towards sustainable and ethically sourced textiles
- Technological advancements in textile production and supply chain efficiencies
- Changing fashion trends influencing demand for woolen apparel
