The projected import value of single untwisted viscose yarn to China is set to gradually decrease from 2024 through 2028, starting at 2.384 million US dollars in 2024 and declining to 2.2521 million US dollars by 2028. The forecast highlights a slight annual reduction, reflecting a consistent downward trend without drastic year-on-year changes, culminating in an average annual decrease (CAGR) in the value over these five years.
The import value in 2023 was slightly higher, indicating a modest yet consistent reduction into 2024 and beyond.
Future trends to watch include:
- Potential fluctuations in global viscose yarn production that could impact international prices and subsequently influence China's import costs.
- Changes in domestic demand and government policies in China that may alter import rates.
- Technological advancements or shifts toward sustainable alternatives which could impact viscose yarn demand.