The import of men's and boys' trousers and shorts made of wool or fine animal hair to China is projected to decrease steadily from 2024 to 2028, with volumes reducing from 215.62 thousand kilograms in 2024 to 198.27 thousand kilograms in 2028. This represents a decline leading to a compounded annual growth rate (CAGR) analysis showing a negative trend over these years.
Year-on-year variations indicate a consistent decline averaging around 2% yearly, reflecting a reduction in import demand.
In 2023, the import volume was higher than in any forecasted year, making the future trend concerning for exporters in this market.
Future trends to watch for:
- Potential shifts in consumer preferences or trade policies could affect demand.
- Developments in domestic production might influence dependency on imports.
- Global economic conditions and exchange rate fluctuations could impact trade volume.