The re-import of salts of formic acid to China is forecasted to consistently decline from 2024 to 2028, starting from 12.37 thousand US dollars in 2024 and decreasing to 4.33 thousand US dollars by 2028. The data indicates a notable downward trend, primarily driven by year-on-year decreases: approximately -16.7% from 2024 to 2025, -19.8% from 2025 to 2026, -24.1% from 2026 to 2027, and -31.1% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is negative, reflecting an average yearly decrease that highlights a significant withdrawal in market re-imports.
Looking ahead, factors to consider include economic policies and trade relationships affecting import duties or production costs in China. Monitoring the global supply chain conditions and advancements in domestic production technologies could also impact future import volumes and values.
