In 2023, China's import of newsprint stood at a significant quantity, following years of consistent demand. The forecast data for 2024 to 2028 shows a steady increase in import values, starting with 830.94 million kilograms in 2024, reaching 992.2 million kilograms by 2028. This represents a year-on-year growth of approximately 5% in the earlier years, with a tapering increase towards 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at around 4.5%.
Looking ahead, trends to watch include:
- Potential increases in domestic production affecting import volumes.
- Changes in global paper demand and sustainability practices influencing the newsprint market.
- Economic policies impacting trade and import levels.