The forecast for re-import of terephthalic acid to China indicates a steady growth from 2024 to 2028, starting at 162.14 million kilograms in 2024 and rising to 194.28 million kilograms by 2028. Compared to the 2023 figures, the year-on-year increase suggests an average annual growth (CAGR) of approximately 4.58% over this five-year period. This consistent rise reflects China's growing demand for terephthalic acid, likely driven by expanding textile and polyester industries.
Trends to watch for in the future include the potential impact of technological advancements in polyester production, shifting global trade dynamics, and environmental regulations that might affect the supply, demand, or production processes of terephthalic acid in China.
