The import of Portland Cement, White or White Artificially Coloured to China has shown significant fluctuations over the past decade. From a peak in 2013, there have been varying year-on-year percentage changes, reflecting both increases and decreases in import values. Specifically, between 2022 and 2023, the value decreased by 3.09%, while over the last five years, the compound annual growth rate (CAGR) averages at -2.89%, indicating an overall declining trend. In 2023, the import value stood at 1.1132 Million US Dollars. Looking ahead to 2028, forecasts predict a continued downward trajectory with an estimated CAGR of -2.89% and an overall decrease of 13.62% in value over the next five years.
Future trends to watch for include:
- Potential shifts in construction activity within China impacting demand.- Economic policies and trade regulations that may influence import volumes.- Innovations in cement production that could lead to substitution effects.- Global supply chain adjustments and transportation costs that may alter import dynamics.
