Based on the forecast data provided, the import value of Rosin and Resin Acids to China is expected to increase steadily from 2024 to 2028. In 2023, the actual import value stood at USD 108.76 million. The year-on-year growth rate between 2024 and 2025 is 4.87%, and between 2025 and 2026, the growth rate is 4.54%. For the year 2026 to 2027, the growth rate is 4.26%, and from 2027 to 2028, it is 4.01%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 4.53%.
Future trends to watch for include potential fluctuations in global supply chains, changes in trade policies, and developments in the chemical industry that may affect production and demand for Rosin and Resin Acids in China. Also, environmental regulations and innovations in synthetic alternatives may impact the import volumes and values.
