Analyzing the forecasted import trends of plants used for perfumery or pharmacy to China from 2024 to 2028, there is a consistent increase in import values, starting at 131.06 million USD in 2024 and reaching 136.66 million USD by 2028. The data reveals a steady yearly increment averaging about 1.25% year-on-year, consistent across the forecast period.
In 2023, the actual imports stood at approximately 130 million USD, indicating a modest annual growth rate. Over the analyzed period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated to be 1.05%, reflecting stable growth.
Future trends to watch include:
- Influence of changes in global demand for natural and sustainable products.
- Impact of trade agreements or tariffs affecting import costs.
- Technological advancements in plant-based extraction and production processes.
