In 2023, the import value of sacks and bags of man-made fibres to China stood at an estimated figure slightly over 11 million USD. Forecasted data until 2028 shows a declining trend with a compound annual growth rate (CAGR) of approximately -1.37% over five years, starting from 2024 at 11.204 million USD down to 10.449 million USD by 2028. The year-on-year decrease is subtle yet consistent, indicating a downward movement in imports over this period.
Future trends to watch for include:
- Changes in domestic production capabilities influencing import demand.
- Trade policies affecting cost-competitiveness of foreign suppliers.
- Environmental regulations impacting the preference for man-made fibres.
- Shifts in market demand linked to evolving consumer preferences and economic conditions.