The import of flexible plastic tubes or hoses with fittings not reinforced to China is forecasted to decrease from 1.2831 million kilograms in 2024 to 1.2673 million kilograms in 2028. This indicates a subtle but steady decline in volume over the five-year period. The year-on-year percentage variation shows a small decrement averaging approximately -0.31% every year from 2024 to 2028.
In 2023, the value stood at 1.2871 million kilograms, marking a continuous downtrend from this point going forward. A five-year Compound Annual Growth Rate (CAGR) highlights a gradual decrease, suggesting a stabilization in demand after a peak in 2023.
Future trends to watch for include shifts in China's industrial and manufacturing demands, changes in environmental policies affecting the use and import of plastic materials, and advancements in materials technology that may introduce new competitive alternatives to flexible plastic tubes or hoses.
