The import of acrylic polymers into China has demonstrated an overall upward trend since 2013. By 2023, the import value stood at 2.5424 billion USD, representing consistent growth over the years. From 2023 to 2028, the forecast indicates a continuation of this positive trend, with a Compound Annual Growth Rate (CAGR) of 2.74%, projecting the import value to reach 3.0274 billion USD by 2028. This highlights a forecasted 14.49% overall growth rate over the five-year period.
Key trends over the analyzed years include:
- Consistent growth in import values with occasional dips, such as a -0.66% year-on-year variation in 2020.
- Significant growth spurts, notably a 22.57% increase in 2017 and a 16.85% rise in 2018.
- Recent years showing modest growth, like the 3.79% increase in 2023.
Future trends to watch for:
- Potential impacts of global economic conditions on import values.
- Changes in domestic production capacity for acrylic polymers within China.
- Demand fluctuations from industry sectors utilizing these polymers.
