In 2023, the re-import of mats of glass fibres to China stood at 2.49 thousand kilograms. The forecasted data from 2024 to 2028 indicates a steady upward trend, with a year-on-year growth of approximately 0.4%. The compound annual growth rate (CAGR) over this five-year period is expected to be around 0.4% as well, reflecting a consistent and modest increase in volume.
Future trends to watch for include:
- Potential changes in China's manufacturing demands that could impact re-import needs.
- Global market dynamics influencing raw material accessibility and trade policies.
- Technological advancements in materials that might alter reliance on glass fibre mats.