The import of O-Xylene to the US in 2023 was recorded at 21.7 million kilograms. The forecast shows a steady decline over the next five years, with imports expected to decrease to 18.918 million kilograms by 2028. Year-on-year variations indicate a consistent drop in imports, with a notable annual average decrease of approximately 2.7% over this period. This translates into a compound annual growth rate (CAGR) of -2.7%, highlighting a trend of diminishing demand or increased local production.
Future trends to watch for include potential shifts in the petrochemical industry, emergence of substitute products, changes in domestic production capacity, and the impact of environmental regulations. Additionally, global economic conditions and trade policies may influence import levels.
