The forecasted import of not knitted or crocheted men's and boys' jackets and blazers of cotton to China for 2024 onwards shows a gradual decline in value from 1.2122 million in 2024 to 1.1511 million by 2028. Given 2023's import value stood at 1.228 million, a decreasing trend is observable, with a year-on-year decline ranging between 1% and 1.3% over the forecast period. The Compound Annual Growth Rate (CAGR) over the next five years is expected to reflect a negative trend, indicating a slight but consistent drop.
Looking ahead, several trends merit attention:
- Potential shifts in domestic consumer preferences and economic factors impacting import demand.
- The influence of trade policies and global economic conditions on the apparel trade.
- Technological advancements in textile manufacturing that could affect the competitiveness of imports.