The import forecast for plates and film into China, with any side exceeding 255 mm, shows a gradual year-on-year decline from 2024 to 2028. Starting at 89.237 million USD in 2024, the value decreases consistently each year to reach 84.334 million USD by 2028. The year-on-year percentage decrease for this period is approximately 1.4%, reflecting a steady downward trend.
In 2023, the market stood at a different position; however, we currently focus on the forecasted data. The compounded annual growth rate (CAGR) projected over these five years indicates a continuous downturn trend in import values.
- Potential challenges could include domestic manufacturing growth reducing reliance on imports.
- Are there changes in trade policies influencing import values?
- Technological advancements might impact demand and production scales.