In 2023, China's import of reclaimed rubber in primary forms or in sheets stood at a tangible level, as the country prepared for an upward trend. The forecast from 2024 to 2028 indicates a steady increase in imports. Specifically, there is a continuous year-on-year growth, with the value reaching 106.39 million USD by 2028, signaling positive momentum. The compound annual growth rate (CAGR) depicts a consistent uptick in demand and import activity from 2024 onward.
Future trends to watch for:
- Global rubber price fluctuations and their impact on import costs.
- Domestic initiatives in China to increase reclaimed rubber production.
- Environmental regulations affecting the rubber industry.
- Technological advancements in rubber reclaiming processes.
