In 2023, the import value of mono-, di-, tri-chloroacetic acids to the US was $36.219 million. The forecast from 2024 to 2028 shows a decreasing trend, with an annual decline in value. The year-on-year percentage change reveals a consistent decrease of approximately 0.76% annually. Over the forecast period, the compound annual growth rate (CAGR) indicates an average annual decrease of around 0.8%.
Future trends to watch for:
- Potential shifts in global supply chains and manufacturing costs impacting import levels.
- Changes in US environmental regulations which could affect demand and import volumes.
- Advancements in alternative chemicals which could substitute uses for chloroacetic acids, reducing import needs.