The import of tyre cord fabric made from high tenacity polyester yarn to China is expected to decline significantly from 2024 to 2028. Starting at 1.7638 million kilograms in 2024, imports decrease to 0.1214 million kilograms by 2028, indicating a projected annual declining trend. In 2023, the import volume was significant, providing a sharp contrast to the forecasted downturn in subsequent years. Year-on-year analysis shows a decreasing percentage change, with a compound annual growth rate (CAGR) suggesting a substantial reduction over five years.
Future trends to watch for include:
- Domestic production improvements potentially reducing import dependency.
- Greater emphasis on sustainability and recycling within the tyre and automotive industries.
- Trade policies impacting import activities and broader economic conditions influencing demand.
