The import of phenolic resins to China exhibited a relatively stable growth pattern in the forecasted years. In 2023, imports stood at an actual value of 99.75 million kilograms. Forecasted data from 2024 to 2028 shows a steady increase: 100.17 million kilograms in 2024, 100.59 million kilograms in 2025, 101.01 million kilograms in 2026, 101.41 million kilograms in 2027, and 101.81 million kilograms in 2028.
Year-on-year variation percentages indicate the following trends:
2024: 0.42%
2025: 0.42%
2026: 0.42%
2027: 0.40%
2028: 0.39%
The compound annual growth rate (CAGR) over the five-year period is approximately 0.41%, demonstrating a consistent yet moderate increase in import volume.
Future trends to watch include potential shifts in global supply chains, advancements in domestic production capacities, regulatory developments, and macroeconomic factors impacting industrial demand for phenolic resins in China.
