In 2023, the re-import of lubricating preparations and those used in oil or grease treatment of textile to China was valued at approximately 4.81 million USD. Forecasted data suggests a gradual decline, with a projected value of 4.74 million USD in 2024, further decreasing by 1.54% annually to reach 4.46 million USD by 2028. On average, the compound annual growth rate (CAGR) suggests a decline of around 1.76% per year from 2024 to 2028.
Future trends to watch include:
- Shifts in China's regulatory policies impacting re-import activities.
- Technological advancements in textile treatment influencing lubricant demand.
- Changes in global supply chains and trade relations affecting import volumes.