In 2023, the import value of polyethylene with a specific gravity of 0.94 or more to China was approximately $10.242 billion. Forecasted values for 2024–2028 show a consistent upward trend with year-on-year growth rates increasing the import value from $10.599 billion in 2024 to $12.041 billion in 2028. This reflects a stable compound annual growth rate (CAGR) of around 3.2% over the projected period.
Future trends to watch for:
- China's industrial demand and development in packaging and construction sectors.
- Impact of environmental regulations and push for sustainable alternatives.
- Potential fluctuations in global oil prices affecting production costs.