The import of polymers of propylene and olefins to China has shown a steady increase over the years, with notable fluctuations. The year-on-year growth experienced a significant dip in 2020 (-13.22%), followed by a strong recovery in 2021 (19.34%). The Compound Annual Growth Rate (CAGR) from 2019 to 2023 decelerated to 3.69%, indicating a slow but steady growth. The forecast for 2024 to 2028 suggests a further slowdown in growth, with a five-year CAGR of 2.75% and a total growth rate of 14.55%, highlighting a cautious but positive outlook.
Looking ahead, it’s crucial to monitor global economic shifts, advancements in polymer technology, and China’s domestic production capabilities as key factors that could influence future import trends of polymers of propylene and olefins.
