The import of Fluorine, Chlorine, Bromine, and Iodine to China exhibited significant variations over the past decade. From 2013 to 2015, the import value saw a consistent decline. In 2016, there was an upward trend, followed by substantial growth in 2017. Despite minor fluctuations, the trend continued upward, with 2023 seeing imports valued at 353.34 Million US Dollars. The year-on-year percentage changes illustrate periods of both decline and growth, with notable increases in 2017 and consistent growth from 2021 onward. The Compound Annual Growth Rate (CAGR) over the last five years was 3.69%.
For the future, from 2024 to 2028, the forecasted data indicate continued growth with an anticipated 5-year CAGR of 2.5%, reflecting a steady increase in import value. By 2028, imports are expected to rise to 414.18 Million US Dollars, indicating a cumulative growth rate of 13.12% over the forecast period.
Future trends to watch for include:
- Potential economic policies impacting trade and import regulations in China
- Changes in global supply and demand for halogens
- Technological advancements affecting production and import costs
- Environmental regulations and their impact on the chemical industry
- Inflation rates and currency fluctuations influencing import values
