The forecast for the re-import of aromatic alcohols to China indicates a consistent decline from 2024 to 2028. In 2024, the volume is expected to be at 2.05 thousand kilograms, decreasing progressively to 1.2 thousand kilograms by 2028. The year-on-year percentage change highlights a steady decrease with a compound annual growth rate (CAGR) over the five-year period suggesting a downward trend. As of 2023, these forecasts present a significant decline compared to the previous actual figures.
Future trends to watch for include:
- Shifts in China's domestic production capacity, potentially reducing reliance on imports.
- Changes in international trade policies affecting the supply chain of aromatic alcohols.
- Innovations in synthetic alternatives that might reduce the demand for imports.