The import of inner tubes of rubber, excluding those for bicycles or motor vehicles, to China is projected to increase steadily from 2024 to 2028, with the forecast showing an annual growth rate in volume. In 2023, the volume stood at 290.33 thousand kilograms. The year-on-year growth rate is approximately 2.8% for each consecutive year from 2024 to 2028, indicating a consistent upward trend.
The compound annual growth rate (CAGR) for these five years stands at approximately 2.7%, reflecting modest but steady expansion in this sector. This suggests a healthy demand for these products in China, possibly driven by industrial and consumer requirements.
Future trends to watch include potential market disturbers such as fluctuations in global rubber prices, changes in trade policies, and technological advancements in alternatives to rubber inner tubes. Additionally, an increase in domestic production capabilities could impact import volumes.
