Between 2013 and 2023, the import value of sulphuric acid and oleum to China has shown significant fluctuations. The import value stood at 56.57 Million US Dollars in 2023. Over the last two years (2022-2023), the year-on-year variations were modest, with increases of 0.75% and 0.73% respectively. From a longer-term perspective, the five-year Compound Annual Growth Rate (CAGR) between 2023 and 2028 is forecasted to be 0.59%, indicating a slow but steady growth.
Future trends to watch for:
- Increasing regulatory environmental policies could drive demand.
- Technological advancements improving production efficiency.
- Global economic conditions and trade policies impacting import volumes.
