In 2023, China's import of nitrates of metals, except potassium and bismuth, was at approximately 2.25 million kilograms. From 2024 onwards, imports are projected to gradually increase, reaching approximately 2.509 million kilograms by 2028. Year-on-year growth rates from 2024 to 2028 show steady, modest increases, with an average annual growth rate or CAGR of about 2.1% over this period.
Future trends to watch for include shifts in global supply chains, China's industrial demand fluctuations, and potential environmental regulations that might affect import dynamics. Additionally, technological advancements or changes in local production capacity could influence future import volumes significantly.
