From 2013 to 2023, China's imports of polyethylene in primary forms have shown a general upward trend, growing from 6.4621 million metric tons to 12.937 million metric tons. The imports in 2023 stood at 12.937 million metric tons, marking a year-on-year increase of 3.89%. Notable variations include peaks such as an 18.3% increase in 2019 and a significant dip of -16.81% in 2020. Over the last two years, the imports grew from 11.36 million metric tons in 2021 to 12.937 million metric tons in 2023, representing a 9.24% increase. The average annual growth rate (CAGR) over the past five years has been 6.02%.
Looking ahead, forecasted data projects continued growth in imports, reaching 15.432 million metric tons by 2028. The forecasted 5-year CAGR is 2.82%, indicating a deceleration compared to historical growth rates. Notable trends include expected moderation in growth rates and potential shifts in global supply chains impacting future import volumes.
Future trends to watch for:
- Impact of global economic recovery and stabilization on polyethylene demand.
- Technological advancements and their influence on production efficiencies.
- Changes in global trade policies and regulations affecting import dynamics.
- Environmental and sustainability initiatives driving shifts in material preferences.
