In 2023, China imported 1.300 million kilograms of elasticised woven fabric. Forecast data indicates a sharp decline from 1.1226 million kilograms in 2024 to 0.04716 million kilograms by 2028. The year-on-year variation shows a decline of 24.7% from 2024 to 2025, 32.1% from 2025 to 2026, 46.4% from 2026 to 2027, and 84.7% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is a significant average decrease of 51.5% per year.
Future trends to watch for:
- Shifting global trade policies impacting fabric imports.
- Technological advancements and substitution with locally produced goods.
- Market trends reflecting changes in fashion, consumer preferences, and economic conditions.
