The import of double salts and mixtures of calcium nitrate and ammonium nitrate to China shows a declining trend from 2024 to 2028, with forecasted imports of 13.416 million kilograms in 2024 decreasing to 11.041 million kilograms by 2028. This represents a downward year-on-year variation, with a decline of approximately 4.6% from 2024 to 2025, and a 4.7% decrease from 2027 to 2028. The five-year CAGR reflects an average annual decrease in import volume. In 2023, the actual import volume stood relatively higher than the forecasted figures for 2024 and beyond.
Future trends to watch for include:
- Potential policy changes in China that could affect import volumes.
- Market dynamics in global supply chain impacting availability and prices of these chemicals.
- Environmental regulations prompting shifts towards alternative products.
- Technological advancements influencing agricultural practices and demand.