The import volume of Vinyl Polymers and Halogenated Olefins to China saw several fluctuations over the past decade. Starting at 40.221 million kilograms in 2013, it experienced significant increases and occasional drops, reaching 79.596 million kilograms in 2023. The CAGR over the last five years registered at 4.1%, while year-on-year variation was 3.92% in 2023. Looking forward, from 2024 to 2028, a CAGR of 2.84% is forecasted, implying a slower yet steady growth rate.
Key trends observed over the years include:
- Rapid growth between 2013 and 2016 with double-digit yearly increases.
- A notable slowdown with occasional dips, especially in 2020.
- A recovery phase post-2020, characterized by moderate growth.
Future trends to watch for include potential influences from geopolitical factors, environmental regulations impacting polymer imports, and technological advancements in polymer usage which could moderate the growth rate. Continuous monitoring of economic policies and industrial demand within China will be crucial for predicting future import trends.
