The import of tyre cord fabric of high tenacity nylon to China shows a steady upward trend from 2024 to 2028, with values projected to increase from 10.657 to 11.245 million kilograms. Since the data is forecasted, the growth shows a stable increase approximately 1.43% year-on-year. As compared to 2023, where the imports stood at slightly lower levels, this marks a consistent rise. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is roughly 1.4%, indicating a moderate growth over the five-year span.
This upward trend suggests a growing demand in China, possibly driven by the automotive industry or infrastructural developments. For future trends, watch for:
- Technological advancements in tyre manufacturing.
- Market changes due to global trade policies or tariffs.
- Shifts in domestic production capacities of nylons or substitutes in China.
- Potential impacts from environmental policies or sustainability initiatives on the material usage in this sector.