In 2023, the re-import of polymers of styrene, excluding SAN or ABS, to China stood at a value below the 11.467 million USD forecasted for 2024, marking the beginning of a gradual upward trend through to 2028.
Year-on-year, the increase is modest, with a projected annual growth rate of around 0.7% from 2024 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is estimated to be similar, reflecting steady but slow increases in re-imports.
Future trends to watch for include:
- The impact of China's domestic polymer production capacity on re-import demand.
- Technological advancements in polymer recycling that might influence import fluctuations.
- Policy changes in environmental regulations affecting styrene-based materials.