The forecasted import of tarred, bituminised, or asphalted paper and paperboard to China shows a decreasing trend from 2024 to 2028. The import volume starts at 258.28 thousand kilograms in 2024, declining annually to 124.67 thousand kilograms by 2028. This suggests a significant reduction, with year-on-year declines of approximately 13% to 21%. The compound annual growth rate (CAGR) over this five-year period is negative, indicating consistent contraction. In 2023, imports stood higher, indicating a pivot towards reduced importation moving forward.
Future trends to watch:
- Potential shifts in domestic production capabilities reducing dependency on imports.
- Changes in domestic demand influenced by infrastructure and construction sector demands.
- External economic factors, including trade policies and global material pricing, impacting import volumes.