The import of knitted or crocheted men's and boys' overcoats, capes, or cloaks of cotton to China is forecasted to grow steadily from 2024 to 2028, with import volumes increasing from 1.1809 million kilograms in 2024 to 1.4003 million kilograms in 2028. In 2023, the actual import volume stood at 1.1306 million kilograms. This exhibits a continuation of growth, indicative of a positive trend in demand within the Chinese market. The year-on-year growth rate from 2023 to 2024 is approximately 4.5% with a compound annual growth rate (CAGR) over the next five years projected around 4.2%.
Future trends to watch include:
- Potential impact of trade policies and agreements that could affect import duties or quotas.
- Shifts in consumer preferences towards sustainable and ethically sourced fashion which may affect demand.
- Technological advancements in the textile industry that could influence production dynamics and costs.
- Macroeconomic factors affecting disposable income and spending power in China.
