As of 2023, China's import of adhesives based on rubber or plastic stood at an estimated volume of 192.23 million kilograms. The forecasted data from 2024 to 2028 shows a steady increase in import volumes: 195.65 million kilograms in 2024, 199.15 million kilograms in 2025, 202.58 million kilograms in 2026, 205.94 million kilograms in 2027, and 209.24 million kilograms in 2028.
Year-on-year variations in percentage are as follows:
- 2024: 1.78%
- 2025: 1.79%
- 2026: 1.72%
- 2027: 1.66%
- 2028: 1.60%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.71%, indicating a moderate growth trend for imports of these adhesives into China.
Future trends to watch for include the impact of technological innovations in adhesive formulations, changes in local manufacturing capabilities, increasing demand from various industrial sectors, and potential trade policy shifts that could influence import dynamics. Keep an eye on environmental regulations that may affect the types and volumes of adhesive imports.
