In 2023, China's import of woven fabrics of carded wool or of carded fine animal hair, mixed mainly or solely with man-made filaments stood at 472.5 thousand kilograms. Forecasted data indicates a declining trend through 2028, with imports decreasing from 469.14 thousand kilograms in 2024 to 454.7 thousand kilograms in 2028. Year-on-year reductions are approximately 0.8% to 0.9%, suggesting a consistent decline in volume. The compound annual growth rate (CAGR) over this period is projected at -0.77%.
Future trends to watch for include:
- Global fashion industry shifts toward sustainable materials impacting demand.
- China's domestic wool production capabilities and policy changes.
- Technological advances in textile manufacturing possibly altering import needs.
- Fluctuations in global trade dynamics, particularly with key wool-producing countries.
