In 2023, the volume of mineral building materials handled in main coastal ports in China stood at approximately 108 million metric tons. The forecasted data for 2024 to 2028 shows a consistent annual growth, with an increase from 113.62 to 137.85 million metric tons. This represents a series of year-on-year growth rates averaging between 5% and 6% during this period. Over the five years from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 5.0%.
Future trends to watch for:
- Infrastructure development initiatives in China and global trade dynamics affecting mineral material demand.
- Technological advancements in port operations and logistics efficiency.
- Environmental regulations impacting material sourcing and handling procedures.