The import of gum, wood, or sulphate turpentine oils to China was reported at 6.5 million kilograms in 2023. The forecasted figures suggest a steady increase, with 2024 seeing 6.752 million kilograms, growing to 7.934 million kilograms by 2028. This reflects a steady year-on-year growth rate, with significant increase percentages in each subsequent year, indicating sustained demand. The compound annual growth rate (CAGR) is projected to be robust over this forecast period, displaying a positive market momentum.
Future trends to watch include potential changes in international trade policies, shifts in demand due to economic factors, and innovations in alternative products which could impact import volumes. Monitoring advancements in the production and use of turpentine oils and related technological developments would also be critical.
