The forecast for the import of vegetable material for plaiting into China from 2024 to 2028 shows a consistent decline. The import value is projected to decrease from $12.222 million in 2024 to $8.1279 million in 2028. This suggests a compound annual growth rate (CAGR) of approximately -9.9% over the forecast period, highlighting a steady downward trend in demand. The year-on-year percentage decline also reflects this decrease: 8.64% in 2025, 9.25% in 2026, 10.01% in 2027, and 10.88% in 2028.
Future trends to watch for include:
- Potential shifts in domestic production capabilities impacting import needs
- Changes in global supply chain dynamics affecting availability and pricing
- Emerging consumer preferences for sustainable or alternative materials
