The import of pile knit or crochet fabric of manmade fibers to China is projected to decline steadily from 2024 to 2028. In 2023, the import stood at a higher volume, indicating a downward trend in the coming years. Specifically, the forecast indicates a dramatic year-on-year decrease, with a compound annual growth rate (CAGR) showing a negative trajectory over the five-year forecast period.
Future trends to watch for include technological advancements in local production, China’s evolving consumer preferences, and potential trade policy shifts. These factors could alter the import dynamics significantly and impact the forecast further.
