The forecast data for the import of not knitted or crocheted women's and girls' jackets and blazers of wool or fine animal hair to China reveals a steady decline over the next five years. Starting from an actual value of 145.50 thousand in 2023, imports are expected to decrease year-on-year with a -2.65% in 2024, -2.66% in 2025, -2.68% in 2026, -2.68% in 2027, and -2.71% in 2028. The compound annual growth rate (CAGR) suggests an average annual decrease of approximately -2.68% over this period.
Future trends to watch for include:
- Economic factors in China that could impact import demand.
- Global trade policies affecting tariffs on textiles.
- Shifts in consumer fashion trends towards sustainable and locally produced garments.
- Technological advancements in production that might affect supply chains.