The forecast for silk imports in China shows a consistent declining trend from $44.26 million in 2024 to $28.37 million in 2028. From 2024 to 2025, the imports are expected to decrease by approximately 9.05%, while from 2025 to 2026, the reduction is about 9.91%. The drop continues at a rate of 10.93% from 2026 to 2027 and 12.18% from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates an average decline of 10.61% annually.
Future trends to watch for include:
- Shifts in domestic silk production capabilities and costs.
- Changes in global demand for silk products, which might influence import needs.
- The impact of international trade policies and agreements on silk imports.
