In 2023, the import value of Azelaic Acid and Sebacic Acid to Germany was $113 million USD. From 2024 to 2028, forecasts indicate a steady growth, with values increasing from $117.46 million USD to $133.54 million USD. This growth corresponds to a year-on-year percentage increase of approximately 3-4%. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is projected to be about 3.3%.
Future trends to watch for include:
- Potential shifts in global trade policies that may affect supply chains and prices.
- Technological advancements that could alter production costs or demand for these acids.
- Environmental regulations that may impact the chemical industry and influence import volumes.