The forecast indicates a steady increase in the import of jerseys, pullovers, cardigans, knitted or crocheted waistcoats to China, growing from $1.238 billion in 2024 to $1.4351 billion in 2028. This demonstrates a consistent year-on-year growth, averaging around 3.7% annually from 2024 to 2028. The compound annual growth rate (CAGR) over these five years is approximately 3.7%, revealing a stable upward trend in imports.
Future trends to watch for:
- Increased demand driven by consumer preference for comfortable and versatile apparel.
- Potential impacts from global trade policies and currency fluctuation could influence import costs.
- The shifting landscape of China's domestic production might alter import reliance.
