The import of epoxide resins to China has shown notable fluctuations when assessing the period from 2013 to 2023. In 2023, the volume stood at 294.27 million kilograms, a 1.65% increase from 2022. This modest rise followed a stronger growth phase seen in recent years, such as the 16.49% increase from 2020 to 2021. The average year-on-year growth has been volatile, with significant dips in 2015 and 2020, and peaks in 2017 and 2021. Looking at the last five years, the compound annual growth rate (CAGR) stands at 1.29%, indicating a moderate long-term growth trajectory up to 2028, with an anticipated total growth rate of 6.64% over this forecasted period.
Future trends to watch for include the potential impact of global supply chain dynamics, advancements in production technology, and changes in regulatory environments which could influence import volumes. Additionally, shifts in demand from key industries using epoxide resins may play a crucial role in shaping future import trends.
