In 2023, the re-import value of webs, mattresses, and other nonwoven fibreglass products to China stood at approximately USD 7.08 million. Based on the forecasted figures, there is a steady increase in the re-import value from 2024 to 2028, with a compound annual growth rate (CAGR) reflecting moderate growth. Year-on-year percentage variations show consistent growth, with the values rising from 7.23 million in 2024 to 7.87 million by 2028.
Future Trends to Watch for:
- Focus on manufacturing advancements and cost-effective production techniques.
- Increasing demand in domestic markets driven by construction and automotive sectors.
- Global market fluctuations impacting raw material accessibility and pricing strategies.