The import of exfoliated vermiculite, foamed slag, and expanded minerals to China is projected to decrease steadily from 2024 to 2028. The forecast indicates a decline in import volume from 587.95 thousand kilograms in 2024 to 472.61 thousand kilograms in 2028. Compared to the previous year, 2023, this represents a continual downturn. The year-on-year variations show a decreasing trend: 2025 (-5.1%), 2026 (-5.2%), 2027 (-5.4%), 2028 (-5.6%). Over the five-year forecast period, the compound annual growth rate (CAGR) illustrates an average yearly decline, reflecting ongoing changes in market dynamics.
Future trends to watch for:
- Potential shifts in global supply chains affecting mineral imports.
- Technological advancements reducing dependency on imported materials.
- Environmental regulations impacting demand for mineral-based products.
- Changes in domestic production capacities influencing import needs.
