Forecast: Import of Exfoliated Vermiculite, Foamed Slag, Expanded Mineral to China

The import value of exfoliated vermiculite, foamed slag, and expanded mineral to China from 2024 onwards shows a declining trend. Starting at $1.425 million in 2024, it decreases yearly, reaching $1.1392 million by 2028. The year-on-year decrease is evident from the consistent reduction in import value, indicating a possible shift in demand or increased local production capabilities. In 2023, the import value stood at a base level, preceding this downward trajectory. The Compound Annual Growth Rate (CAGR) over five years illustrates an average decline, emphasizing the sustained reduction over this timeline.

Looking forward, several trends could influence this trajectory:

  • China's evolving domestic production capabilities might further reduce reliance on imports.
  • Potential shifts towards alternative or more sustainable materials could impact demand.
  • Global market dynamics, including trade policies and raw material availability, will play crucial roles.

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