Forecast: Import of Denaturated Ethyl Alcohol and Other Spirits to China

In 2023, the import of denatured ethyl alcohol and other spirits to China stood at 400 million US dollars. The forecasts from 2024 to 2028 indicate a steady growth in the import value, starting from 418.1 million USD in 2024 and reaching 504.06 million USD by 2028. The year-on-year growth indicates a consistent increase, with an estimated average annual growth rate or Compound Annual Growth Rate (CAGR) of approximately 4.8% during this five-year forecast period.

Future trends to watch for include:

• Changes in local production capacity could affect import demand.
• Potential regulatory shifts impacting trade tariffs and import duties.
• Trends in consumer preference for imported versus locally produced spirits.
• Global economic factors that could affect China's purchasing power and trade dynamics.