In 2023, the import volume of flexible plastic tubes, pipes, and hoses with a minimum burst pressure of 27.6 MPa to China stood at 4.575 million kilograms. The forecast from 2024 to 2028 shows a steady increase, with annual volumes reaching 4.7206 million kilograms by 2028.
Year-on-year growth rates indicate moderate expansion, with projected rises of approximately 0.6% per annum. The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately 0.6% per year, reflecting gradual yet consistent growth.
Future trends to watch for include:
- Technological advancements in plastic manufacturing enhancing product performance and appeal.
- Environmental regulations impacting production and import patterns.
- Demand fluctuations driven by economic conditions and industrial activities in China.