The import volume of anti-freezing preparations and prepared de-icing fluids to the US is forecasted to steadily decline from 2024 through 2028, starting at 16.556 million kilograms in 2024 and falling to 16.236 million kilograms by 2028. This marks a consistent downward trend, reflecting a decrease from previous years.
When considering the year-on-year percentage variations, there are minor declines in import volume each year throughout the forecast period, indicating modest contraction in the market.
The compound annual growth rate (CAGR) over these five years suggests a slight annual decrease in imports. It’s notable that, in 2023, the volume was slightly higher, serving as a reference point for the declining forecast from 2024 onwards.
Future trends to monitor include:
- Changes in environmental regulations that could impact the production or import of these chemical products.
- Advancements in anti-freezing and de-icing technology that may either increase domestic production or reduce the need for imports.
- Market demand influenced by climate change, potentially altering the necessity of these preparations in various regions.
