In 2023, the import of rosin salts or resin acid salts to China amounted to 338 thousand kilograms. The forecast for 2024 suggests a slight increase to 340.48 thousand kilograms. This upward trend continues modestly each year, reaching 351.26 thousand kilograms by 2028. The year-on-year increase is relatively consistent at approximately 0.8% each year from 2024 to 2028. The compound annual growth rate (CAGR) over this forecast period is a stable 0.75%, indicating gradual growth in import volumes.
Future trends to watch for include:
- Potential disruptions in global supply chains that could influence import volumes.
- Changes in domestic demand for rosin salts or resin acid salts driven by industry needs or regulatory shifts.
- Economic developments in China that could impact purchasing power and demand for imported goods.