In 2023, the import volume of polishes for coachwork, excluding metal polishes to the US, stood at approximately 1.72 million kilograms. For 2024, the forecast data shows a volume of 1.7472 million kilograms, marking a 1.58% growth compared to 2023. Year-on-year, there is a consistent growth trajectory, with a 1.59% increase in 2025, 1.54% in 2026, and 1.49% in 2027. By 2028, the volume is expected to reach 1.8557 million kilograms, equating to a compound annual growth rate (CAGR) of approximately 1.54% from 2024 through 2028.
Future trends to watch for:
- Influence of technological advancements in manufacturing to produce more efficient and durable polishes.
- Changes in US trade policies that could impact import tariffs and trade agreements.
- Emergence of environmental regulations promoting eco-friendly products.
- Potential shifts in consumer preferences towards multi-use polishes.
