China's import of natural rubber in smoked sheets is projected to decline steadily from 2024 to 2028, starting at $398.14 million in 2024 and dropping to $360.2 million by 2028. In 2023, the imports stood at $407.9 million, making 2024 a continuation of the declining trend. The year-on-year reduction over the next years fluctuates around -2.5%, showcasing a consistent decrease in import values. The compound annual growth rate (CAGR) over this five-year period indicates a negative trend, reflecting diminishing demand or shifts in sourcing strategies.
Future trends to watch include economic factors affecting rubber demand, shifts toward sustainable rubber alternatives, and potential self-sufficiency moves within China’s rubber industry. Trade policies and global market dynamics will also significantly impact these imports.
