A review of the forecasted import values for natural rubber in China from 2024 to 2028 indicates a steady decline. In 2023, imports stood at approximately 3.28 billion USD. Year-on-year, anticipated reductions are 1.86% from 2024 to 2025, 2.21% from 2025 to 2026, 1.94% from 2026 to 2027, and 1.65% from 2027 to 2028. Over this five-year span, the compound annual growth rate (CAGR) is roughly -1.92%, showcasing a gradual downturn in import value.
Future trends to watch include:
- China's economic adjustment affecting demand.
- Potential changes in global rubber supply and cost.
- Shifts in domestic production capabilities impacting import needs.
- Technological advancements altering rubber consumption patterns.
