The import of chenille fabric of manmade fibres to China is projected to experience a gradual decline from 2024 to 2028. The year-on-year variations indicate a continuous decrease, suggesting a steady downward trend in import volumes. The projected compound annual growth rate (CAGR) confirms a consistent downward slope in the market. In 2023, the import figure stood at 179.5 thousand kilograms, marking the onset of this downward trend.
Future trends to watch for:
- Potential shifts in domestic production capacities, influencing import needs.
- Changes in consumer preferences towards sustainable or alternative fibers.
- Impact of economic policies on the textile industry and trade relationships.
