In 2023, the import value of wood tar, tar oils, creosote, naphtha, and vegetable pitch to China stood at 3.2 million USD. Forecasts from 2024 onward indicate a steady rise, with predicted values reaching 4.0158 million USD by 2028. The year-on-year growth provides a clear upward trend, reflecting a growing demand or price for these products in China. The compound annual growth rate (CAGR) over the five-year period shows a moderate average increase.
Future trends to watch for include an increasing focus on sustainable and alternative materials, potentially impacting the demand for wood-derived products. Additionally, global market dynamics and trade policies may influence import prices and volumes. Monitoring shifts in environmental regulations and innovations in material substitutes will also be crucial.
