The forecasted import of yarn of carded wool to China shows a steady increase from 2024 through 2028, with values rising from 24.472 million to 24.691 million USD. As this data is entirely forecasted from 2024 onwards, it's essential to observe past trends to contextualize this growth. Assuming a stable import value in 2023, the year-on-year percentage increase is modest but consistent, hovering around a growth rate of 0.23% per annum.
Future trends to watch for include:
- Potential shifts in global wool supply and demand dynamics that could affect import costs.
- Economic policies in China concerning trade and tariffs that may impact import volumes and costs.
- Technological advancements in synthetic alternatives potentially reducing the demand for wool.
- Environmental regulations promoting the use of natural materials such as wool.