In 2023, China imported liquefied butanes valued at approximately 6.5 billion kilograms. The forecast for 2024 to 2028 indicates a steady increase, with values rising from 6.894 billion kilograms in 2024 to 7.9857 billion kilograms by 2028. The year-on-year growth rates approximate 4% annually, highlighting a strong upward trend. Over the forecast period, the compound annual growth rate (CAGR) is projected to be around 3.8%, suggesting consistent demand in the market.
Future trends to watch for:
- Potential shifts in global natural gas prices impacting import volumes.
- Technological advancements in energy efficiency and alternative fuels.
- Chinese policies on carbon emissions and energy source diversification affecting import strategies.