The exports of rubber and plastic products from the US to China have shown an overall increasing trend from 2013 to 2023, starting at 1.5463 billion USD in 2013 and reaching 2.5008 billion USD in 2023. Year-on-year variations were notable, with significant growth in some years, such as 2017 with a 17.6% increase, and declines in others, such as 2020 with a -14.19% decrease. Over the last five years, the CAGR is 3.11%, reflecting a moderate growth rate.
Looking forward, the forecast indicates a continuation of this trend with the exports expected to reach 2.8621 billion USD by 2028, suggesting a CAGR of 2.18% for the next five years.
Future trends to watch for include the impact of evolving trade policies between the US and China, technological advancements in the production processes, and possible shifts towards more sustainable materials which may influence demand and export volumes.
