In 2024, China is expected to import 115.46 million kilograms of slivers, rovings, yarn, and chopped strands of glass, marking the continuation of growth from previous years. By 2028, this figure is projected to reach 117.04 million kilograms, demonstrating steady, modest increases year-on-year. The compound annual growth rate (CAGR) from 2024 to 2028 is low, indicating a stable yet slight upward trend.
Key future trends to watch include:
- Potential shifts in China's demand due to changes in construction and automotive industries.
- Influence of government policies promoting sustainability and advances in composite materials enhancing glass fiber's versatility.
- Global economic conditions impacting trade dynamics and input costs.