The import forecast for non-wired float glass in sheets to China indicates a steady decline from 2024 to 2028. Starting at 153.43 million kilograms in 2024, imports are projected to decrease consistently each year, reaching 147.92 million kilograms by 2028. This represents a cumulative decline of approximately 3.58% over five years. As of 2023, the quantity was slightly higher, setting the stage for this projected downturn. The compound annual growth rate (CAGR) over this five-year period highlights a modest but consistent annual decrease.
Looking forward, potential areas to watch include technological advancements in domestic manufacturing capabilities which could further reduce dependence on imports, and any shifts in global trade policies that may impact import dynamics. Additionally, economic factors influencing construction and automotive industries, the major consumers of float glass, could also significantly affect import volumes.
