The forecast for the import of wood tar, wood tar oils, wood creosote, wood naphtha, and vegetable pitch to China shows a steady increase from 2024 to 2028. The 2023 import volume stood at 3.69 million kilograms. The year-on-year growth rates are projected to be around 5.56% between 2024 to 2025, 5.16% from 2025 to 2026, 4.82% from 2026 to 2027, and 4.51% from 2027 to 2028. The compound annual growth rate (CAGR) over the next five years is estimated at approximately 5.02%, indicating a consistent upward trend in imports.
Future trends to watch for:
- Economic policies in China impacting import demand.
- Technological advancements affecting production and usage of these materials.
- Environmental regulations influencing the import of wood-derived products.
- Global supply chain dynamics and their impact on import costs and logistics.
