The import of woven pile fabric of wool or fine animal hair to China is projected to decline steadily from 165.25 thousand kilograms in 2024 to 148.53 thousand kilograms in 2028. This indicates a consistent downward trend over the five-year forecast period. Compared to the 2023 figures, this reflects a continual shrinkage suggesting potential shifts in market demand or domestic production capabilities. The average annual decline (CAGR) over this period is projected at a modest percentage, indicating gradual changes rather than abrupt market reactions.
Future factors to monitor include:
- Changes in domestic production and capabilities in China.
- Global economic conditions affecting trade patterns.
- Evolving consumer preferences and environmental concerns potentially affecting demand.