The forecasted import of liquorice extract to China shows a gradual increase from 2024 to 2028, with values rising from 18.341 million USD to 18.546 million USD. The steady growth reflects a modest year-on-year increase, indicating a stable demand for liquorice extract in China.
In 2023, the import value for liquorice extract was lower than the forecasted 2024 value, illustrating a positive trend in the importation of this product. This slow yet consistent upward trend in the forecast period suggests a compound annual growth rate (CAGR) that might favorably impact the overall market dynamics in the coming years.
Future trends to watch for include changes in consumer preferences, potential regulatory impacts on import processes, and fluctuations in the global supply chain that might affect the availability and cost of liquorice extract. Additionally, the development of new applications or industries utilizing liquorice extract could further influence demand.
