The data shows a steady increase in the re-import of tyre cord fabric of high tenacity polyester yarn to China from 2024 to 2028, with forecasted values consistently rising each year. The trend indicates confidence in China's demand for this material. In 2023, the value stood below 104.81 thousand kilograms. Calculating the year-on-year growth, each year shows a roughly 1% increase. The Compound Annual Growth Rate (CAGR) over the five forecasted years from 2024 to 2028 suggests approximately a 1% average annual growth. This indicates a modest but steady increase in import volume.
Future trends to watch for include:
- Potential changes in China's domestic production capacity for tyre cord fabric.
- Global market shifts affecting the supply chain and trade policies.
- Innovations in tyre technology that might impact material demand.
- Economic factors influencing the automotive industry's growth in China.
