The import forecast of diazo-, azo-, or azoxy-compounds to China shows a declining trend from 2024 to 2028, with a consistent year-on-year decrease in volume. In 2024, imports are projected at 1.1939 million kilograms, decreasing steadily to 0.84762 million kilograms by 2028. As of 2023, imports were slightly higher, thus indicating a downtrend in the overall market for these compounds in China. The average compound annual growth rate (CAGR) over this five-year period marks a negative trend, highlighting a continuous reduction in import volumes.
Future trends to watch for:
- Potential advancements in local production capabilities may further reduce import demand.
- Changing environmental regulations could impact both supply and demand dynamics.
- Economic shifts and trade policies may alter import rates significantly beyond 2028.
