The import of used pneumatic tyres to China is forecasted to experience a steady decline from 2024 to 2028. Starting at $732.89 thousand in 2024, the value is projected to decrease year-on-year to $500.27 thousand by 2028. Comparing the initial and final years, the cumulative annual growth rate (CAGR) indicates a substantial average yearly decrease in value. As of 2023, the value stood higher than the projected 2024 figure, underscoring a downward trend.
Future Trends to Watch For:
- Potential regulatory changes impacting the import of used tyres.
- Shifts in domestic tyre production capabilities and capacities.
- Emerging environmental and sustainability standards influencing market demands.
