In 2023, the import of waste of artificial fibers to China was significantly higher, marking a stark contrast with the projected data from 2024 onwards. The forecasts from 2024 to 2028 reveal a sharp downward trend, with values expected to decline steadily from $115.99 thousand in 2024 to just $16.59 thousand by 2028. The most notable year-on-year decrease is forecasted between 2027 and 2028, highlighting a critical shift in the market dynamics. Over the last five years, the compound annual growth rate (CAGR) is expected to be negative, indicating persistent reductions in these imports.
Future trends to watch for include:
- China's potential policy shifts towards sustainability and recycling.
- Technological advancements in artificial fiber recycling.
- Changes in global artificial fiber production and waste management practices.
