In 2023, the import of plastic reservoirs, tanks, and vats of capacity less than 300L to China was approximately 463.00 thousand kilograms. The forecasted data shows a consistent year-on-year decline: 448.11 thousand kilograms in 2024, decreasing by 3.22% from 2023, followed by 432.34 thousand kilograms in 2025, a decrease of 3.52%. The downward trend continues with 416.9 in 2026, 401.76 in 2027, and 386.92 in 2028. This represents a Compound Annual Growth Rate (CAGR) of about -3.56% over the five-year period.
Future trends warrant attention to potential shifts in China's regulatory landscape affecting import tariffs and environmental policies. Additionally, innovations in domestic production capacities and demand fluctuations in related industries may influence the import volumes of these plastic products.
