The forecast for the import of urea resins and thiourea resins to the US shows a consistent decline from 2024 to 2028. Starting at 15.733 million kilograms in 2024, imports are expected to drop to 11.961 million kilograms in 2028. The year-on-year percentage change reveals a decreasing trend: a 6.19% drop from 2024 to 2025, 6.44% from 2025 to 2026, 6.76% from 2026 to 2027, and 7.09% from 2027 to 2028. This indicates an average compound annual growth rate (CAGR) decline of approximately 6.62% over the five-year period.
Looking forward, trends to monitor include changes in domestic demand, shifts in global production capacity, and potential regulatory changes affecting imports. Monitoring technological advancements in alternative materials and the impact of trade policies on the resin market will be crucial for understanding future import dynamics.
