The forecast for the import of mixtures of natural and synthetic rubbers to China indicates steady growth over the next five years. In 2023, the value was lower than the projected 2024 forecast of 4.25 billion kilograms. From 2024 to 2028, imports are expected to grow consistently: a 5.63% increase year-on-year from 2024 to 2025, around 5.22% from 2025 to 2026, 4.86% from 2026 to 2027, and a 4.54% rise from 2027 to 2028. Over the entire period, the compound annual growth rate is estimated at roughly 5.13%.
Future trends to watch for:
- Fluctuating demand influenced by China's industrial development and manufacturing sector expansion.
- Potential impacts of international trade regulations or geopolitical tensions.
- Advancements in rubber technology that may shift supply chains or introduce new sources of synthetic rubber.
