The imported volume of textile fibre drawing or roving machines to China in 2023 stood at approximately 2.5 million kilograms. From 2024 to 2028, forecasts indicate a steady growth in import volumes, with an average Compound Annual Growth Rate (CAGR) of 3.40%. Year-on-year increases are projected as follows: 2024 by 3.65%, 2025 by 3.65%, 2026 by 3.46%, 2027 by 3.28%, and 2028 by 3.10%. This consistent upward trend highlights an expected sustained demand within China’s textile sector.
Future trends to watch for include:
- Technological advancements in textile machinery impacting import demand.
- China's strategic initiatives focused on indigenous textile manufacturing that may alter import dynamics.
- Fluctuations in global trade policies and their possible effects on the import of textile machinery.