The import of wool not carded or combed to China is forecasted to rise steadily from $3.68 billion in 2024 to $4.09 billion by 2028. As of the end of 2023, data indicated that imports were approximately lower than the 2024 projections, marking an increase indicating stronger demand in the coming years.
From 2024 to 2028, the import forecast suggests a consistent increase, with year-on-year growth rates displaying a stable upward trend. This growth represents a compound annual growth rate (CAGR) reflecting moderate but sustained expansion in demand for unprocessed wool.
Future trends to observe include:
- Potential impacts from global trade relations and tariffs on wool imports.
- The influence of evolving fashion trends towards sustainable and natural fibers.
- China's domestic wool production capabilities and technological advancements in textile processing.
