The import of Kraft Paper Creped or Crinkled to China is forecasted to witness a steady decline from 1.9813 million kilograms in 2024 to 1.5169 million kilograms by 2028. In 2023, actual imports recorded a similar figure to 2024, emphasizing a consistent decremental trend.
Year-on-year percentage variation shows a consistent reduction in import volume, fostering concerns for stakeholders. The compound annual growth rate (CAGR) over this five-year period indicates a negative trend, averaging a decline per annum.
Future trends to watch for:
- Potential shifts in domestic production of Kraft Paper, affecting import needs.
- Policy changes in China's import regulations and tariffs for paper products.
- Global economic conditions impacting raw material costs and trade volumes.
