In 2023, China's imports of polyvinyl chloride (PVC) in primary forms stood at a significant level. The forecast for the following years indicates a consistent decline in import values, dropping from $754.43 million in 2024 to $647.4 million in 2028. Year-on-year analysis shows a clear downward trend, with a steady average annual decrease reflected in the compound annual growth rate over these five years.
Future trends to watch for include:
- Potential impacts of domestic production increases and capacity expansion in China on import levels.
- The influence of government policies on import tariffs and environmental regulations.
- Technological advancements and innovations in PVC production methods.
- Market demands driven by key industries such as construction and automotive.