In 2023, China's import of supported catalysts with precious metal or precious metal compounds was at 5.653 million kilograms. Forecasts indicate a steady increase from 2024 to 2028, with imports rising from 5.832 million kilograms in 2024 to 6.613 million kilograms in 2028. This represents a year-on-year growth rate of approximately 3.45% in 2025, 3.27% in 2026, 3.11% in 2027, and 2.86% in 2028, with a five-year CAGR of 3.17%.
Future trends to watch for include:
- Continued advancement in catalytic technologies potentially influencing import volume.
- Policy changes in China emphasizing environmental sustainability that may affect demand.
- Global market fluctuations impacting precious metal prices and thus the import levels.