The forecasted data for 2024 to 2028 shows a consistent year-on-year growth in the import value of glass fibres and glass wool to China. The values in billion US dollars are:
- 2024: 1.0378
- 2025: 1.0553
- 2026: 1.0725
- 2027: 1.0893
- 2028: 1.1058
The year-on-year growth rates are:
- 2025/2024: 1.69%
- 2026/2025: 1.63%
- 2027/2026: 1.57%
- 2028/2027: 1.51%
The compound annual growth rate (CAGR) over this five-year period is approximately 1.60%.
Future Trends to Watch: As China's economy continues to develop, demand for high-performance materials such as glass fibres and glass wool is expected to rise. Watch for factors like technological advancements in manufacturing, policy changes encouraging domestic production, and fluctuations in global trade relations that could impact these import trends.
