The import of Urea Resins and Thiourea Resins to China in 2023 stood at approximately 9.5 million kilograms. In 2024, the forecast indicates a slight reduction to 9.0869 million kilograms. The subsequent years show a downward trend with projected volumes of 8.439 million in 2025, 7.8041 million in 2026, 7.1819 million in 2027, and 6.5722 million kilograms by 2028.
Year-on-year variations highlight a gradual decline with percentages: -7.14% between 2024 and 2025, -7.51% from 2025 to 2026, -7.97% between 2026 and 2027, and -8.48% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is estimated to reflect a consistent annual decrease.
- Future trends to watch for include changes in global demand for resins, technological advancements in resin production, China's domestic resin manufacturing capacity, and potential policy changes affecting imports.
- Resin innovations or shifts in industrial applications may influence future import needs.
