In 2023, the import of glass balls except microspheres to China was recorded at a higher level than the forecasted decline for 2024. From 2024 to 2028, import values are anticipated to decrease gradually, marking a consistent downward trend. Year-on-year, the imports are forecasted to drop about 2.7% on average. This suggests a steady reduction in import demand or a potential shift in market dynamics such as increased local production or alternative material usage.
Future trends to watch for include:
- Potential market shifts in local production capabilities that could further impact imports.
- Changes in related industries' demands that utilize glass balls.
- Economic policies that might affect import tariffs or incentives.