The forecast for the re-import of tyre cord fabric of high-tenacity manmade yarn to China suggests a declining trend from 2024 to 2028. The projected values start at $1.4933 million in 2024 and decrease annually to $1.1839 million by 2028. Assuming that 2023 data stood just above these figures, the year-on-year variation depicts a consistent decline.

Over the last two years, the import value decreases, indicating a downward trend in demand or a shift in market dynamics. The compound annual growth rate (CAGR) over the five-year period reflects this trend by revealing an ongoing average decline each year.

Future trends to watch:

Technological advancements in tire manufacturing, potentially reducing the need for re-imports.
Shifts in global trade policies affecting import tariffs and impacting costs.
Sustainability initiatives and demand for eco-friendly materials altering market needs.