Key Market Indicators
China is poised to see its aromatics imports hit approximately $21.6 million by 2028, rising from around $18.3 million in 2023. This marks a steady annual growth rate of 2.6%. The country has experienced a consistent increase in demand, averaging 3.4% growth per year since 1997. On the export front, China's aromatics sector is projected to reach nearly $164.4 million by 2028, up from about $142 million in 2023. This represents an annual growth rate of 2.4%. Since 1997, the supply has grown by an average of 2.9% per year. In 2023, China ranked second globally in aromatics exports, with Saudi Arabia leading the market at approximately $142 million. Following China, India and Japan secured the third and fourth positions, respectively.
