In 2023, China's cumene imports stood at 732 million kilograms. The forecasted data suggests a consistent increase, with imports expected to reach 762.66 million kilograms in 2024 and steadily rise to 888.73 million kilograms by 2028. Year-on-year growths from 2024 onwards show percentages of around 4-5%, reflecting a stable upward trajectory. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to average approximately 4.7%.
As for future trends, watch for:
- Potential policy changes affecting import regulations and tariffs.
- Global supply chain adjustments impacting availability and prices.
- Shifts in domestic production capacity influencing import needs.
