In 2023, the import of sulphonated, nitrated or nitrosated derivatives of hydrocarbons to the US stood at a certain baseline. The forecasted data from 2024 to 2028 suggests a steady decline in imports, with year-on-year variations showing a decrease of approximately 2.5% annually. When interpreting these figures, the compound annual growth rate (CAGR) over the five-year forecast period indicates a gradual reduction in imports by around 2.5% each year.
Future trends to monitor include:
- Changes in US industrial demand for chemical derivatives and their applications.
- Potential shifts in global supply chains or trade policies that may impact import levels.
- Innovations in alternative chemical or synthetic products that could substitute the need for these imports.
