In 2023, China's import of slag wool, rock wool, and similar mineral wools stood at approximately USD 145 million. Forecasts suggest a steady increase from USD 151.22 million in 2024 to USD 173.62 million by 2028. Year-on-year increases are projected as follows: 3.81% in 2025, 3.59% in 2026, 3.41% in 2027, and 3.23% in 2028. The compound annual growth rate (CAGR) over the next five years is anticipated to be around 3.51%, indicating a moderate yet consistent upward trend in import values.
Future trends to watch for:
- Emerging green construction technologies and regulations that might boost demand.
- Potential trade policies or tariffs affecting import costs and dynamics.
- Technological advancements or substitutes which may impact import volumes.