In 2023, the imports of plastics and articles thereof in China stood at a value to be referenced from the actual data. As of 2024, the forecasted value is 89.78 billion USD, marking the beginning of a consistent year-on-year increase. By 2025, imports are projected to reach 92.06 billion USD, showing a year-on-year growth of approximately 2.5%. This trend continues through 2026 (94.32 billion USD), 2027 (96.56 billion USD), and 2028 (98.78 billion USD), indicating an average annual growth rate (CAGR) of about 2.5% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- The impact of industrial and environmental policies on plastic imports.
- The advancement of domestic plastic production capabilities.
- Changes in global trade relationships and their effects on import volumes.
- Technological advancements in plastic recycling and sustainable materials.
