Based on the forecasted data, the import of Adipic Acid to Germany is expected to continue on a gradual upward trend from 2024 to 2028, with the value increasing from 113.63 million to 116.59 million US dollars. The year-on-year variation shows a modest increase, averaging around 0.5% annually. The Compound Annual Growth Rate (CAGR) indicates a steady growth pattern over this five-year period. In 2023, the actual import value stood at 113 million US dollars, highlighting a consistent growth trajectory.
Future trends to watch include potential impacts from shifts in global trade policies, technological advancements in the production of adipic acid, and sustainability initiatives affecting demand for synthetic fibers and plastics, which are the primary uses of adipic acid. Additionally, fluctuations in currency exchange rates and economic factors in the EU could influence import values.
