In 2023, before the forecasted period, China's import of rosin and resin acids stood at approximately 89.5 million kilograms. From 2024 to 2028, the import volume is projected to steadily increase. Year-on-year growth is anticipated at around 5.22% from 2024 to 2025, 4.85% from 2025 to 2026, 4.54% from 2026 to 2027, and 4.25% from 2027 to 2028. Over the five-year forecasted span, we observe a compound annual growth rate (CAGR) of approximately 5%, showcasing continuous growth albeit at a slowing pace.
Future trends to watch for include:
- Developments in China's manufacturing and industrial sectors which could influence demand for rosin and resin acids.
- Global trade dynamics and potential trade agreements affecting import levels.
- Technological advancements or substitutions in industries using these materials.
