Analysis of the import of anhydrous ammonia to China from actual data shows a general upward trend. In 2023, the import volume stood at 585.7 million kilograms. Year-on-year variations from 2022 to 2023 showed a growth of 3.57%, continuing the prior year's year-on-year growth rate of 3.78%. Over the last five years (2019-2023), the compound annual growth rate (CAGR) was 4.03%, indicating consistent growth. Previously, the period between 2015-2018 also showed a steady growth trend with a high of 10.39% CAGR in 2018. The projected forecast suggests a CAGR of 2.6% from 2024 to 2028, showing a more moderate growth rate compared to historical data.
Future trends to watch for include:
- Potential policy changes in China's industrial and environmental regulations could impact the import demand for anhydrous ammonia.
- Fluctuations in global ammonia production and supply chain logistics driven by geopolitical factors may alter the forecasted import volumes.
- Technological advancements in ammonia production and usage efficiency might affect China's import requirements.
