The import of coir yarn to China has been in a consistent decline over the past five years from 2018 to 2022. A closer look at year-on-year variation displays steep annual reductions, with imports dropping from 30.01 to 4.96 thousand kilograms, marking an average yearly decline of about 32.4%. The compound annual growth rate (CAGR) over the last five years also reflects a similar declining trend, underscoring a significant contraction in demand or supply chain adjustments. By 2023, the value stood at a low point, continuing the pattern of decline from previous years.

Future trends to watch for include:

Potential policy shifts in China aimed at diversifying import sources or bolstering local production.
Global supply chain dynamics, particularly regarding sustainability pressures influencing material choices.
Exchange rate fluctuations impacting import costs which could affect forecasting and demand.