The re-import of garments made from textile felts and nonwoven fabric to China is set to see a steady decline from 2024 to 2028, based on the forecasted data. As of 2023, the volume of these imports stood at around 20 thousand kilograms. Year-on-year, the data suggests a consistent decrease averaging at around 0.7% annually. Over the five-year span from 2024 to 2028, the compound annual growth rate (CAGR) projects this downward trend will continue, also reflected by an average decline of approximately 0.7% per year.
Future trends to watch for include:
- Possible technological advancements in local manufacturing capabilities, potentially decreasing the need for re-importation.
- Evolving consumer demands towards sustainable and locally produced materials, which may further impact the volume.
- Trade policy changes that might affect the cost and volume of re-imports.