In 2023, the import volume of carded or combed cotton to China was recorded at 970.56 thousand kilograms. Analyzing the forecast data, a consistent decline is evident from 2024 through 2028. The year-on-year percentage decreases are approximately 14.9% from 2024 to 2025, 17.2% from 2025 to 2026, 20.3% from 2026 to 2027, and 24.9% from 2027 to 2028. The compound annual growth rate (CAGR) over these five forecast years amounts to a drop of about 19.7% annually.
Future trends to watch for include:
- China's domestic cotton production capabilities and efforts to become more self-sufficient to meet textile industry demands.
- Global cotton market fluctuations and how currency exchange rates impact import volumes.
- Shifting trade policies and agreements, especially in the context of geopolitical tensions and climate change impacts on cotton yields.
- Technological advancements in cotton processing and potential impacts on import needs.
