The forecast for China's re-import of noils of wool or fine animal hair shows a consistent decline from 2024 to 2028, beginning at $17.66 thousand in 2024 and decreasing to $15.43 thousand in 2028. Compared to the previous year's levels, the industry is expected to experience a gradual downturn, as evidenced by the negative year-on-year percentage changes. The Five-year compound annual growth rate (CAGR) since 2023 is projected to be negative, indicating a downward trend over the forecast period.
Future trends to watch for include:
- Potential impact of global economic factors on re-importation rates.
- Changes in China's textile industry and demand for wool products.
- Substitution effects from alternative fibers or materials.
