In 2023, the re-import of Polyethylene Terephthalate to China stood at approximately 6.8 million kilograms. From 2024 onward, a declining trend is projected, with imports decreasing from 6.4887 million kilograms in 2024 to 4.4674 million kilograms by 2028. This indicates a year-on-year decrease of approximately 8% for both 2024-2025 and 2025-2026, followed by a similar rate until 2028. The compound annual growth rate (CAGR) reflects a negative trend of around 8% over this forecasted period.
Future trends to watch include:
- Monitoring domestic production capacity in China, which could influence the need for re-imports.
- Evaluating global market prices of Polyethylene Terephthalate, impacting economic feasibility of re-importation.
- Assessing shifts in sustainability and recycling policies that may alter demand and sourcing practices.