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.