In 2023, the re-import value of coarse animal hair or horsehair yarn to China stood at approximately 134.06 thousand US dollars. The forecast from 2024 to 2028 shows a steady increase with values predicted to rise annually, from 140.62 to 167.98 thousand US dollars. This represents a compound annual growth rate (CAGR) of approximately 4.5% over this period.
Key points:
- From 2024 to 2025: The anticipated growth is about 5.0%.
- From 2025 to 2026: The expected increase is forecasted at 4.7%.
- From 2026 to 2027: An increment of around 4.4% is projected.
- From 2027 to 2028: A growth rate of approximately 4.1% is expected.
Looking forward, potential factors influencing the market include changes in global demand, shifts in raw material availability, and trade regulations. Keeping an eye on Chinese domestic production capabilities and international competition will be crucial for understanding future dynamics in this sector.
