In 2023, the import of knit or crochet fabric of cotton to China was estimated at approximately 17 million kilograms. The forecast indicates a significant decline in volume to approximately 16.476 million kilograms in 2024, followed by continuous decreases in subsequent years: 13.001 million kilograms in 2025, 9.5957 million kilograms in 2026, 6.2583 million kilograms in 2027, and 2.9877 million kilograms in 2028.
Key trends and analysis:
- From 2023 to 2024, a nearly 3.1% decline is expected.
- On a year-to-year basis, imports are predicted to drop by approximately 21.9% from 2024 to 2025, 26.2% from 2025 to 2026, 34.8% from 2026 to 2027, and 52.3% from 2027 to 2028.
- The compound annual growth rate (CAGR) from 2023 to 2028 suggests an average annual decline of about 28.7%.
Future trends to monitor include shifts in China's domestic production capabilities, potential changes in international trade policies, and evolving consumer preferences affecting the import demand for this category of fabric.
