The import of phenol to China is forecasted to steadily decline from 2024 to 2028. In 2024, the import volume is projected at 124.23 million kilograms. This is expected to decrease annually, reaching 73.219 million kilograms by 2028. Year-on-year analysis reveals a declining trend, with significant reductions observed particularly between 2026 and 2028. Compared to 2023, where the volume stood higher, this forecast shows a sharp downward trend, underlining a consistent contraction over the forecast period. The compound annual growth rate (CAGR) for this timeframe suggests an average decrease per year over the next five years.
Future trends to watch for include shifts in domestic production capacities, changes in global supply chains, and potential policy measures impacting import dependencies. Monitoring these factors will be crucial in forecasting future import trajectories and analyzing market dynamics.
