The re-import of cellular plastic sheet, film, foil, or strip to China was 2.002 million kg in 2023, setting a baseline for future forecasts. From 2024 to 2028, a steady increase in volume is expected, rising from 2.0133 to 2.0884 million kg. The year-on-year growth remains modest, signaling a stable demand for these materials in the Chinese market, with no dramatic fluctuations. The Compound Annual Growth Rate (CAGR) for the forecast period indicates a consistent growth pattern, predicting an average annual increase around 0.8%.
Future trends to watch for:
- Potential shifts in import policies or tariffs that could impact re-import volumes.
- Advancements in recycling technologies that might influence the need for re-importation of plastic materials.
- Environmental regulations and sustainability efforts that could alter the demand for particular types of plastics.