In 2023, Germany imported roughly 7.45 million kilograms of butyric and valeric acids. The projected imports for 2024 are approximately 2.25% higher, at 7.6173 million kilograms. This upward trend is expected to continue, with projected year-on-year increases of around 2.3% to 2.4% through 2028, reaching 8.3049 million kilograms. The compound annual growth rate (CAGR) over the next five years is anticipated to be around 2.1%.
Future trends to watch for include:
- Global supply chain impacts on import prices and volumes.
- Technological advancements in domestic production capacities, potentially affecting imports.
- Regulatory changes related to chemical imports which could alter demand.