In 2023, the import of combed wool in fragments to China stood at a baseline value, marking the transition to our forecasted data. Between 2024 and 2028, the imports are forecasted to rise steadily, with a gradual increase year over year. Specifically, the expected growth is from 2024 to 2025 at 5.56%, from 2025 to 2026 at 5.17%, from 2026 to 2027 at 4.81%, and from 2027 to 2028 at 4.51%. Over a five-year period, the compound annual growth rate (CAGR) is projected to average at 5.01%, indicating a relative stability in growth.
Future trends to monitor include:
- Potential impacts of global trade policies on wool imports.
- Shifts in China's domestic demand for wool-based products, influenced by fashion and textile industry changes.
- Fluctuations in global wool production that could affect supply.
- Technological advancements in wool processing that may alter demand patterns.
