The import of cotton yarn put up for retail sale to China is forecasted to decline from 2024 to 2028, starting from 591.03 thousand USD in 2024 to 400.05 thousand USD in 2028. This forecast represents a consistent annual decrease in import value. The year-on-year variation shows a downward trend with decreasing values each year. Using actual data from 2023 for perspective, this reflects a significant shift in the import patterns.
The compound annual growth rate (CAGR) over this period indicates a declining trend in the value of imports, underscoring a diminishing reliance on imported cotton yarn for retail in China. Potential factors influencing this trend could include advancements in domestic production, shifts in consumer demand, or changes in trade policies and tariffs.
Future Trends to Watch:
- Impact of Chinese domestic production capabilities improving in quality and quantity.
- Potential trade policy changes that could affect import dynamics.
- Shifts in consumer preferences towards locally-produced or eco-friendly materials.
- Global economic factors influencing trade and consumer behavior.
