The forecast for the import of worked vegetable and mineral carving material to China shows a consistent decline over the next five years. The volume is expected to decrease from 35.64 thousand kilograms in 2024 to 32.03 thousand kilograms in 2028. This represents a year-on-year decrease of about 2.62% from 2024 to 2025, 2.62% from 2025 to 2026, 2.64% from 2026 to 2027, and 2.69% from 2027 to 2028. Overall, this suggests a compound annual growth rate (CAGR) of approximately -2.62% between 2024 and 2028. In 2023, the volume stood unchanged compared to the forecasted volume of 2024.
Future trends to watch for include:
- Changes in global trade policies affecting taxes or tariffs on imports.
- Fluctuations in demand driven by China's domestic market trends for artistic or cultural use.
- Innovation or technological advancements in synthetic or alternative materials that may affect the market demand.