Forecast: Import of Carded Wool to China

The forecast indicates a gradual increase in the import of carded wool to China from 2024 to 2028, starting at $52.87 thousand and reaching $59.76 thousand. In 2023, the import value stood at $51.23 thousand. Year-on-year percentage increases show a consistent growth rate between 3.0% and 3.2%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) averages approximately 3.09%.

Future trends to watch:

  • Influence of global wool supply chain dynamics, including possible disruptions.
  • Increased demand driven by consumer preferences for natural and sustainable textiles.
  • Economic policies affecting trade tariffs and relations post-2024 that could impact import costs.
  • Innovation in textile production that could affect demand for raw materials like carded wool.

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