The forecast indicates a gradual decline in the re-import of polymers of propylene and olefins to China from 2024 through 2028. The trend shows a consistent year-on-year decrease, highlighting a 1.29% decline from 2024 to 2025, a 1.28% drop from 2025 to 2026, a 1.26% reduction from 2026 to 2027, and a 1.26% fall from 2027 to 2028. This downward trajectory reflects a compound annual growth rate (CAGR) of approximately -1.27% over the next five years, indicating a steady reduction in import volume.
Future trends to watch for include:
- Potential domestic production improvements in China that may further reduce the need for imports.
- Shifts in global trade policies impacting the supply chain of polymers and olefins.
- Technological advancements in polymer recycling reducing reliance on imports.