The imported value of woven fabric of polyester and viscose rayon to China is projected to decline steadily from $16.685 million in 2024 to $13.818 million by 2028. From 2024 to 2028, the year-on-year decrease ranges from approximately 4.4% to 4.8%, reflecting a noticeable downward trend.
This trend indicates a consistent annual decline, forecasting a contraction in imports over the five years, with a Compound Annual Growth Rate (CAGR) portraying an aggregated decrease over the analyzed period.
Future trends to watch:
- Increasing domestic production capabilities in China could reduce reliance on imports.
- Technological advancements may lead to higher efficiency in local textile production.
- Trade policies and economic shifts could further affect import dynamics and market competition.