The import of natural rubber and gums to China is expected to decline slightly over the forecasted period from 2024 to 2028. In 2023, the actual import value stood at 3.7464 billion USD, with projections indicating a gradual decrease to 3.6458 billion USD by 2028. Year-on-year, small percentage decreases are anticipated, averaging a decline of about 0.7% per annum over five years.
Key trends to watch for in the future include:
- Possible market influences due to global economic conditions and trade policies.
- Investments in domestic rubber production as China seeks to reduce import dependency.
- Technological advancements in synthetic alternatives potentially impacting natural rubber demand.
- Environmental regulations affecting rubber and gum supply chains.