The forecasted import of liquefied ethylene, propylene, butylene, and butadiene to the US shows a declining trend from 2024 to 2028 in volume, starting at 454.98 million kilograms in 2024 and decreasing steadily to 389.87 million kilograms by 2028. Comparing the year-on-year variation, this represents a gradual decline each year, averaging a Compound Annual Growth Rate (CAGR) over this period aimed at understanding the pace of this reduction trend. As of 2023, the volume stood higher than 2024, emphasizing the noticeable decrease observed starting from 2024.
Future trends to watch include potential impacts of economic shifts, policy changes regarding environmental standards, and technological advancements in domestic production which could further influence import demands. Additionally, changes in global supply chain dynamics and geopolitical developments could also play significant roles. Monitoring these factors will be essential to understand how they might accelerate or decelerate the declining import trend.
