Forecast: Import of Felt of Wool or Fine Animal Hair, Not Impregnated, Coated, Covered or Laminated to China

In 2023, the import value of felt of wool or fine animal hair to China was slightly below the forecasted 2024 figure of 7.2538 million USD. From 2024 to 2028, the data suggests a steady increase in import value, with a compound annual growth rate (CAGR) that implies a modest yet consistent upward trend. Year-on-year growth during this period reveals a gradual market expansion, with each subsequent year maintaining approximately a 0.3% increase.

Future trends to watch include:

• Potential impacts of global trade policies on wool import tariffs.
• China's shifting demand towards sustainable and environmentally friendly materials.
• Technological advancements in textile manufacturing that could influence felt import volumes.