The forecast for China's import of raw silk between 2024 and 2028 indicates a gradual decline in value, starting at $1.2038 million in 2024 and decreasing consistently to $1.1537 million by 2028. This data suggests a declining trend over the five-year forecast period. As of 2023, the exact value of raw silk imports is not provided; however, understanding the year-on-year decline implies potential adjustment in market dynamics or domestic policy impacting imports.
Future trends to watch include:
- Potential changes in domestic silk production affecting import demand.
- Economic policy shifts or trade agreements altering import dynamics.
- Technological innovations in silk production impacting import necessity.
- Global economic conditions influencing trade and market prices.
