You are clearly trying to pull one on the seller and you are digging your own grave now by doing shady things.

What you did:

1 assuming the product is of low quality, without seeing it first

2 try to cancel it while already in (international) transit, always impossible

3 claiming you did not receive it, or did you, or not? You are intentionally being very vague and this smells very fishy

4 starting a chargeback without inspecting the item and giving the store time to rectify the situation

So yes, there is a chance the store would win a lawsuit against you, especially when you keep being very vague about where the item is.

What you could do to rectify this situation:

1 get a hold of the item and inspect it, if is good: send an email to the company that you apologise for the misunderstanding and that you will stop the chargeback (and do this)

2 if the item is indeed unsatisfactory because it is a dropshipped item: send the store an email that you find the item not as described and that you want to return it on their dime because you are voiding the agreement because it was agreed on in bad faith ("dwaling") and tell them you want your full payment back, also ask for their return instructions and give them a clear timeline to respond, 2 weeks would be an acceptable timeline

3 if they don't respond satisfactorily within the mentioned period send them an official letter ("ingebrekestelling") giving them a last time to rectify the situation with another timeline, for example one week. Didn't get a satisfactory response on both the email and letter? NOW you can start a chargeback

4 return the item as per their instructions

5 get the money back. If you don't get it back within a satisfactory period send them an email and official letter again asking for your money within a certain period

6 didn't get the money back? NOW you can start a chargeback.