Based on the forecast data presented for the re-import of woven fabrics of carded wool or fine animal hair to China, the volume is expected to decline from 33.69 thousand kilograms in 2024 to 29.18 thousand kilograms by 2028. This consistent decrease suggests a negative year-on-year trend, with the projected compound annual growth rate (CAGR) reflecting a decline over the five-year period. It is crucial to highlight that in 2023, the re-import volume was notably higher than these forecasts.
Future trends to watch for:
- Changes in global wool fabric demand, impacting China's trade strategies.
- Economic policies in China that could influence re-import needs.
- Technological advancements in textile manufacturing that could alter import dependencies.