The import of polymers of propylene to China reached $7.3232 billion in 2023, showing a year-on-year variation of 1.31%. Over the past two years, there was a 6.69% increase in 2022 and a 16.06% rise in 2021. The compound annual growth rate (CAGR) over the last five years (2019-2023) stands at 1.05%. From 2013 to 2023, the import values exhibited fluctuations with notable declines in certain years such as 2015 (-20.21%) and 2020 (-15.79%), and recoveries in others like 2021. Forecasts from 2024 to 2028 suggest steady growth, projected at a CAGR of 1.05%, reaching up to $7.7975 billion in 2028.

Future trends to watch for:

China's domestic production capacities potentially offsetting import demand.
Geopolitical factors affecting international trade dynamics.
Technological advancements in polymer manufacturing improving efficiencies and influencing import volumes.
Shifts in global supply chains and economic policies impacting import costs and regulatory frameworks.