The import volume of shawls, scarves, and veils of silk to China is expected to decline steadily from 2024 to 2028. Based on the forecast, the imports will decrease from 39.73 thousand kilograms in 2024 to 33.47 thousand kilograms by 2028. This forecast shows a continuous downward trend, which reflects a compounded annual growth rate (CAGR) that indicates an average annual decrease over these five years.
Year-on-year changes reveal a consistent reduction in import volumes, reflecting the trend seen in the previous years. In comparison to 2023, where import levels might have stood higher, this projection suggests a shift in demand or supply dynamics.
Future trends to watch for include potential changes in consumer preferences towards sustainable or alternative materials, shifts in global trade policies impacting silk import, and economic factors affecting luxury goods consumption. Monitoring these can provide insights into future import patterns.
