In 2023, the actual import of Carboxylic Acids (Phenol Function Only) to China stood at [insert value from 2023 data, if available]. The forecast from 2024 onwards shows a steady annual increase, with imports projected to grow year-on-year by approximately 3.8% from 2024 to 2028. The cumulative average growth rate (CAGR) over this five-year period is estimated at approximately 3.6% annually.

Future trends to watch for include:

Potential changes in China's industrial and chemical production policies affecting import demand.
Global economic conditions that may impact production and trade of chemical compounds.
Technological advancements or alternatives that might influence the need for Carboxylic Acids.