In 2023, China's import of woven fabric of glass fibres stood at a notable level, setting the stage for the forecasted values. Over the upcoming years from 2024 to 2028, imports are projected to gradually decline. Specifically, the year-on-year variation shows a minimal decrease, beginning with 48.005 million kilograms in 2024 and dropping gently each year to reach 47.253 million kilograms by 2028. Over this five-year period, the compound annual growth rate (CAGR) suggests a slight negative trend, indicating a small but consistent downward shift in import volumes.
Future trends to watch for include:
- Potential impacts of domestic production innovations or improvements in local glass fibre weaving technologies.
- Changes in global trade policies or tariffs affecting import flows into China.
- Developments in alternative materials that might replace glass fibre in industries requiring woven fabrics.