In 2023, China imported $111.56 million in non-vitrifiable decalcomanias, marking the baseline for future projections. For 2024, the import value is forecasted to be $105.86 million, representing a 5.1% decrease from the previous year. Continuing this downward trend, the projected figures for 2025 to 2028 decrease year-on-year by 6.4%, 6.7%, 7%, and 7.4% respectively. This consistent decline suggests a compound annual growth rate (CAGR) of approximately -6.2%, reflecting a significant shrinking trend in the import value over the five-year forecast period.
Future trends to watch for include technological advancements that may replace traditional decalcomanias and shifts in consumer preferences that could impact demand. Moreover, trade policy changes or domestic production boosts could further influence these import trends.
