From 2013 to 2023, the exports of textiles and textile articles in China have shown a fluctuating yet generally upward trend. In 2023, the value stood at $323.68 billion. The year-on-year growth for 2023 was 3.01%, with a CAGR of 4% over the last five years. Notable periods include 2014 with a significant year-on-year increase of 4.97%, and a notable downturn between 2015 and 2016. However, recent years from 2020 onwards have shown consistent growth, with the highest year-on-year increase in 2021 at 8.62%. From 2013 onwards, variation percentages show periods of both positive and negative growth, reflecting economic fluctuations, market changes, and possibly external factors like trade policies and global demand shifts.
Forecasted data from 2024 to 2028 estimate a further increase in exports, with a projected CAGR of 2.11% and an overall growth rate of 10.98%. This suggests a steady, albeit slower, growth rate compared to the past decade.
Future trends to watch for include the potential impacts of global trade dynamics, technological advancements in textile production, demand shifts towards sustainable and eco-friendly textiles, and potential policy changes both within China and from major trade partners.
