The historical data for imports of polypropylene in primary forms in China from 2013 to 2023 shows an overall mixed trend with fluctuations. Between 2013 and 2023, the highest year-on-year increase was seen in 2021 with a 15.33% surge, while the most significant decline occurred in 2020 with an 18% decrease. The Compound Annual Growth Rate (CAGR) fluctuated throughout the years, showing negative values in several periods, indicating intermittent growth and decline phases. In 2023, the imports stood at 3.5265 million metric tons, reflecting a modest year-on-year increase of 0.72% with a five-year CAGR of 1.46%.
Future trends to watch for include:
- The forecast values from 2024 to 2028 reveal a steady but slow growth, with the five-year CAGR expected to be 0.59%.
- Given the predicted slight upward trend, it is essential to monitor changes in global supply chains, geopolitical shifts, and domestic production capacities that could impact import volumes.
- Sustainability trends and regulatory changes around plastics and polymers could also influence future import volumes and market dynamics.
