The forecast for China's exports of wool, fine or coarse animal hair, horsehair yarn, and woven fabric indicates a steady growth from 2024 to 2028, climbing from $2.53 billion to $2.71 billion. In 2023, these exports were valued at $2.49 billion, marking a slight increase as we move into 2024.
Year-on-year growth rates are modest, reflecting a consistent upward trajectory: from 2024 to 2025, the increase is about 1.98%, while from 2025 to 2026, it is approximately 1.55%. Similarly, from 2026 to 2027, it stands at 1.91%, and from 2027 to 2028, it is about 1.50%. The compound annual growth rate (CAGR) over the five years is indicative of stable, albeit slow, growth.
Future trends to watch for include potential increases in demand from emerging markets, any shifts towards more sustainable practices affecting material demand, and the global economic landscape influencing trade policies. Monitoring these factors will be crucial for understanding the trajectory of exports in this sector.
