In 2023, China's re-import of flax yarn was at a higher level compared to the forecasted declining trend from 2024 onwards. Forecasted values from 2024 to 2028 illustrate a consistent downward trend, with significant year-on-year declines. Specifically, the value is forecasted to fall drastically by 61.8% from 2024 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period suggests a notable depreciation, averaging a 20.7% decrease annually.
Future trends to watch for include:
- The potential impact of global market conditions and sustainability initiatives on flax yarn demand.
- Trade relations and possible shifts in local production capacities impacting re-import volumes.
- Innovations in textile industry practices that may alter the demand for imported flax yarn.