The re-import of knotted carpets of other materials than wool or fine animal hair to China is forecasted to decline gradually from 2024 to 2028. In 2023, the actual volume was higher than the 2024 projection of 4.01 thousand kilograms. The succeeding years witness a consistent annual decrease, with a compound annual growth rate (CAGR) indicating a negative growth trend over the five-year period.
Future trends to watch for include:
- Possible changes in consumer preferences impacting the demand for non-wool carpets.
- Economic conditions and trade policies potentially affecting import dynamics.
- Innovation in synthetic or alternative materials which could stimulate or suppress market demand.