The import value of polyacetals, polyethers, and polycarbonates into China has shown some fluctuations over the past decade. In 2023, the import value stood at $10.911 billion USD. From 2013 to 2022, the year-on-year variations ranged widely, with notable increases in 2017 (14.21%) and 2018 (14.95%) and significant decreases in 2016 (-8.4%) and 2020 (-14.64%). The average annual growth rate (CAGR) over the last five years up to 2023 was 1.92%.
Looking ahead, forecasted data from 2024 to 2028 indicate a steady increase in import values, with an overall growth rate expected to be 9.76% over these five years. This suggests a moderate but steady growth trend.
Future trends to watch for include potential fluctuations in the global supply chain, the influence of environmental regulations on polymer imports, and innovations in material science that could impact demand and import dynamics.
