The forecast for the re-import of yarn of synthetic staple fibers to China indicates a gradual decline in the upcoming years, starting at $84.303 million in 2024 and decreasing to $72.889 million by 2028. This steady downward trend showcases a compounded annual growth rate (CAGR) that suggests an average decline each year. Comparatively, the data reflects a decrease from 2023 levels, which stood at $87.1 million. On a year-on-year basis, there is a consistent decline, indicating a contracting market demand or increased domestic production capabilities.
Future trends to watch for include:
- The potential impact of technological advancements in domestic textile production on import demand.
- Changes in international trade policies or tariffs that might affect re-import levels.
- Market shifts towards more sustainable and natural fiber products that could reduce reliance on synthetic fibers.