In 2023, the import value of felt carpets and floor coverings to China stood significantly above $857.95 thousand. The forecast for subsequent years indicates a consistent decline in import values: $857.95 thousand in 2024, $794.99 thousand in 2025, $733.28 thousand in 2026, $672.81 thousand in 2027, and $613.54 thousand in 2028. This indicates a year-on-year percentage decrease and suggests an overall negative compound annual growth rate (CAGR) from 2024 to 2028.

The declining trend in imports may be influenced by various factors including increased domestic production, changes in consumer preferences, or trade policies affecting felt product imports. Future trends to watch for include:

Potential shifts in consumer demand towards sustainable or alternative flooring options.
Changes in government policies promoting local production.
Fluctuations in raw material prices impacting global supply chains.