The forecast for the imports of plastics and articles thereof, along with rubber and its articles in China, shows a steady growth trajectory. In 2023, these imports were valued at 105.0 billion USD. Over the next five years, a continual increase is anticipated, reaching 118.6 billion USD by 2028. The average annual growth rate from 2024 to 2028 is projected at approximately 2.2%, denoting a stable upward trend.
Looking ahead, several trends are crucial to monitor:
- Technological advancements affecting production and demand for plastics and rubber.
- Policies aimed at reducing plastic waste, potentially influencing import needs.
- Developments in global trade agreements which might impact import costs or quantities.