In 2023, the import value of camel-back strips for retreading rubber tyres to China was approximately 850 thousand US dollars. Looking ahead, forecasts reveal a consistent downward trend, with values projected to drop to 763.39 thousand US dollars by 2028. This represents a compound annual growth rate (CAGR) of -1.72% over the five-year period from 2024 to 2028. Year-on-year variations indicate a steady decline: -2.18% from 2024 to 2025, -2.18% from 2025 to 2026, -2.19% from 2026 to 2027, and -2.19% from 2027 to 2028.
Future trends to watch include:
- Global economic conditions affecting rubber industry demand.
- Technological advancements in retreading processes.
- Changes in China's regulatory environment impacting imports.
- Potential shifts in supply chain dynamics and cost structures.
