The forecast for China's import of sacks and bags, each having a base width of 40 cm or more, shows a gradual decline in volume from 2024 to 2028. From a starting forecast of 2.3099 million kilograms in 2024, there is a noticeable reduction to 2.1652 million kilograms by 2028. Given that in 2023, the imports stood at a slightly higher level, the year-on-year decreases average around -2% across the forecast period. The compound annual growth rate (CAGR) over these five years reflects a similar downward trend of approximately -1.6% annually.
Future trends to watch for include fluctuations in global supply chain dynamics, evolving trade policies, and potential shifts in domestic production capacity, which might counteract the forecasted declining trend. Additionally, environmental policies and shifts towards sustainable materials could significantly impact the demand for such imports.
