In 2023, the re-import of knit or crochet fabric of manmade fibers to China stood at approximately 5.2 million kilograms. The forecast indicates a downward trend in volume through 2028, with a year-on-year decline averaging around 4 to 5%. The CAGR from 2024 to 2028 is approximately -5%. The consistent reduction in re-import volumes suggests shifting dynamics in either domestic production capabilities or international sourcing strategies.
Future trends to watch for include:
- Shifts in global supply chain strategies and their impact on imports.
- Advancements in domestic production technology potentially reducing dependency on imports.
- The influence of trade policies and global market conditions on import volumes.