In 2023, the import value of knitted or crocheted pullovers and cardigans of cotton to China was approximately $547 million USD. The forecast indicates a rising trend through 2028, with values reaching $658.56 million USD. From 2024 to 2025, the increase is about 4.04%, and from 2025 to 2026, the growth is 3.81%. The year-on-year growth extends to 3.59% and 3.39% for 2027 and 2028, respectively. The compound annual growth rate (CAGR) over this five-year period is 3.7%, suggesting continued demand and market expansion.
Trends to watch for include:
- Rapid changes in consumer preferences driven by fashion trends and economic factors.
- Potential impacts of trade policies and tariffs on the cost and volume of imports.
- Technological advancements in textile production impacting supply and costs.