In 2023, the re-import value of tufted carpets of wool or fine animal hair to China was estimated at 172 thousand US dollars. Forecasted figures for 2024 show a decrease of 4.3% from the previous year. This declining trend continues with a year-on-year decrease of approximately 4.6% in 2025 and 4.7% in 2026. By 2027 and 2028, forecasts predict reductions of 4.8% and 4.9%, respectively. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 projects an average annual decrease of about 4.7%.
Future trends to watch for include shifts in consumer preferences towards more eco-friendly or synthetic alternatives, potential policy changes impacting imports, and fluctuations in the demand for luxury goods in the Chinese market. Maintaining awareness of global trade dynamics and shifts in the textile industry will also be crucial.
