As of 2023, the import value of salt, sulphur, earth, stone, plaster, lime, and cement to China stood at $8.95 billion. The forecast for 2024 is expected to reach $9.325 billion, representing a year-on-year increase. Over the following years, the import value is projected to steadily rise, with figures reaching $10.537 billion by 2028. This indicates a continuous growth pattern, with gradual increments observed annually, suggesting strong demand.
Year-on-year variation from 2024 to 2028 shows a consistent increase. For example:
- 2024 to 2025: Approximately 3.34%
- 2025 to 2026: Approximately 3.18%
- 2026 to 2027: Approximately 3.02%
- 2027 to 2028: Approximately 2.87%
The compound annual growth rate (CAGR) from 2024 to 2028 is forecasted at approximately 3.16%, indicating a sustained positive trajectory.
Future trends to watch for include developments in China's construction and manufacturing sectors, which are likely to impact the demand for these materials. Environmental policies and advances in sustainable building practices may also affect import trends.
