In 2023, the re-import of yarn of carded wool to China stood at an estimated value of $15.830 million. From 2024 to 2028, the forecasted data shows a consistent upward trend in the value of re-importation, beginning at $16.236 million in 2024 and reaching $17.795 million by 2028. This indicates a stable year-on-year increase.
Key Year-on-Year Variations:
- 2024-2025: An increase of 2.48%
- 2025-2026: An increase of 2.36%
- 2026-2027: An increase of 2.27%
- 2027-2028: An increase of 2.17%
The compound annual growth rate (CAGR) over the forecast period is approximately 2.36% annually, reflecting a steady growth trajectory.
Future trends to watch for include potential shifts in global wool markets that could impact import costs, changes in trade policies affecting re-importation dynamics, and technological advancements in local yarn production which may affect demand.
