In 2023, the import value of coal-tar distillation products, including oils, to China was not provided. From 2024 onward, the forecast shows a steady increase in import value from $12.602 billion in 2024 to $14.64 billion in 2028. This indicates an upward trend with the market growing year-on-year, showcasing annual increments that average approximately 3.85% CAGR over the 5-year period.
Future trends to watch for:
- China's industrial growth and policies on energy and chemical industries, which could affect demand.
- Global coal-tar supply fluctuations and pricing trends.
- Potential shifts towards greener alternatives impacting coal-tar demand.