In 2023, the import of yarn of fine animal hair to China stood at a significant level, providing a baseline for analysis. Forecast data for 2024 through 2028 indicates a steady upward trend in import value, with projections rising from approximately 68.92 to 78.512 million USD. This reflects a consistent year-on-year growth, indicative of increased demand or potentially higher pricing.
The year-on-year variations from 2024 onwards suggest a positive growth trajectory, encouraging for market stakeholders. Cumulatively, the compound annual growth rate (CAGR) over this five-year period shows a healthy increase, reflecting sustained market expansion.
Future trends to watch include potential shifts in supply chain dynamics, changes in global trade policies impacting China's import sources, and evolving textile industry demands that could influence the import volumes of fine animal hair yarn.
