The import of benzene to China is projected to increase steadily from 2024 through 2028. In 2023, the actual import stood at approximately 3.27 billion kilograms. Comparing the forecasted values, there is an observable year-on-year growth: 5.05% between 2024 and 2025, 4.71% from 2025 to 2026, 4.41% from 2026 to 2027, and 4.14% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be around 4.58%.
Future trends to watch for include:
- Potential impacts of environmental policies on benzene demand.
- Developments in China's chemical and manufacturing sectors influencing import needs.
- Fluctuations in global benzene prices affecting import volumes.
- Technological advancements in domestic production reducing reliance on imports.
