The forecast data indicate a steady increase in the import value of nitric acid and sulphonitric acids to China, with imports expected to rise from $25.501 million in 2024 to $29.384 million by 2028. This represents a year-on-year growth rate of approximately 4% to 3.5% consecutively. The import level in 2023 stood at a lower base, contributing to robust growth projections moving forward.
Key trends to watch include:
- Potential fluctuations in global demand and production capacity.
- Impact of trade tariffs and policies affecting international chemical trade.
- Technological advancements in production that could influence domestic supply and demand dynamics.