The import of woven fabrics of carded wool or fine animal hair exceeding 300 g/m² into China in 2023 stood at approximately 46.403 million USD. In 2024, it is forecasted to reach 47.729 million USD, reflecting a modest year-on-year increase of around 2.9%. From 2025 to 2028, this upward trend continues, with annual increases ranging between 3.0% and 2.7%. Over this five-year period, the compound annual growth rate (CAGR) is about 2.8%, highlighting a steady but moderate growth trajectory.
Future trends to watch for include:
- Shifts in global trade policies that may affect import costs.
- Technological advancements in fabric production that could alter demand.
- Changes in fashion trends impacting the appeal of carded wool fabrics.
- Economic factors in China that may influence consumer purchasing power and import volumes.