The imports of knitted or crocheted fabrics in China have shown a consistent downward trend. In 2023, the import value stood at 1.2 Billion USD. Forecasts suggest a decline to 1.1 Billion USD in 2024, with a further reduction to 0.85664 Billion USD by 2028. This indicates a year-on-year percentage decline of 6.4% from 2024 to 2025, 6.3% from 2025 to 2026, 5.9% from 2026 to 2027, and 5.6% from 2027 to 2028.
Key observations:
Future trends to watch for include advancements in domestic textile manufacturing capabilities, changes in trade policies, and potential shifts in global supply chain dynamics driven by geopolitical factors which could impact the volume of imports.
