The import value of woven fabrics of flax into China is expected to decline from 2024 onwards, starting at $26.049 million in 2024 and reaching $16.59 million by 2028. This forecast represents a consistent year-on-year decrease over this period. In 2023, the value stood higher than the 2024 forecast, reflecting a prevailing downward trend.
Future trends to watch for include:
- Possible changes in consumer demand for flax products, which could either exacerbate or mitigate the decline.
- The impact of global trade policies and tariffs on the cost and demand for imported flax fabrics.
- Innovations and alternatives in textile production that could influence the market dynamics.