The import of plastic carboys, bottles, and flasks to China showed varied growth over the past years, with imports at 10.859 million kilograms in 2023. While fluctuations were seen between 2013 and 2020, a recovery trend is evident post-2020, notably with a robust 9.46% growth in 2021. By 2023, the year-on-year increase was 1.8%, suggesting a stabilization in import volumes. The compounded annual growth rate (CAGR) for the past five years stood at 1.72%, reflecting moderate growth.
In the forecast period (2024-2028), the CAGR is expected to stabilize at 1.39%, with an overall growth of 7.13% by 2028.
Future trends to watch for include:
- Potential impact of environmental policies and sustainability trends on the import volume.
- Technological advancements in manufacturing that could influence plastic use.
- Economic factors in China affecting overall demand for imported plastics.