In 2023, the import value of mixtures of natural and synthetic rubbers to China stood at a considerably lower level compared to the projections from 2024 to 2028. The forecast shows a gradual year-on-year increase, indicating a stable growth trend. Specifically, percentage increases year-on-year are modest from 2024 to 2028, suggesting an annual average growth rate that reflects consistent demand for these rubbers in the country. The five-year CAGR offers insights into sustained market growth over this period.
Future trends to watch include:
- Changes in global rubber production affecting supply and prices.
- Technological advancements in rubber manufacturing impacting demand.
- Economic and trade policies shaping China's import strategies.
- Sustainability trends influencing consumer and industrial preferences.
