The import of textile fabric impregnated, coated, covered, or laminated with plastics to China is projected to exhibit a declining trend over the forecast period from 2024 to 2028. In 2024, the imports are estimated at 211.41 million USD, gradually decreasing each subsequent year to reach 186.94 million USD by 2028. Assuming 2023 had similar trends, this indicates a steady reduction in import values year-on-year.
Year-on-year, the import values show a consistent decrease, reflecting a potentially declining demand or increased domestic production in China. Over the five-year forecast period, the compounded annual growth rate (CAGR) is negative, suggesting a consistent downward trajectory in the import market for these textiles, assuming no significant uptick in demand or external market influences.
Future trends to watch for include changes in domestic production capacity, shifts in consumer preferences towards locally produced textiles, and any trade policy adjustments that might either restrict or facilitate imports. Environmental regulations impacting the textile treatment processes could also influence import volatility.
