The forecast for the import of phosphoric acid and polyphosphoric acids to China shows a steady upward trend from 2024 to 2028, with significant import volumes increasing each year. Starting at 38.714 million kilograms in 2024, it is expected to rise to 42.59 million kilograms by 2028. In 2023, imports stood at approximately 37.8 million kilograms, showcasing a consistent year-on-year increase of around 2.5% to 2.7%. The compound annual growth rate (CAGR) over the five-year forecast period suggests an average annual growth rate of around 2.5%.
Looking ahead, important trends to watch include the potential impact of China's industrial growth and agricultural development on phosphoric acid demand. Additionally, geopolitical factors and trade policies may influence import dynamics, while technological advancements in domestic production could alter dependency on imports.
