In 2023, the import volume of not knitted or crocheted men's and boys' jackets and blazers of wool or fine animal hair to China stood around 250.00 thousand kilograms. From 2024 onwards, a forecasted steady decline is observed with values decreasing annually, reaching down to 202.29 thousand kilograms by 2028. The year-on-year decreases approximate around 4-5% per annum, with the compound annual growth rate (CAGR) reflecting a diminishing trend of approximately 4.2% over five years.
Future trends to observe include:
- Shifts in domestic manufacturing policies in China potentially impacting imports.
- Changes in consumer preferences towards alternative fabrics or styles affecting demand.
- Effects of global economic conditions on luxury and essential goods trading.