Based on the given data, the import value of phenols and phenol-alcohols to China shows a consistent upward trend from 2024 to 2028. Here are the year-on-year variations:
- 2024-2025: 1.01%
- 2025-2026: 0.98%
- 2026-2027: 0.94%
- 2027-2028: 0.92%
The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is approximately 0.96%, indicating a steady growth in imports.
Continued demand growth in key industrial sectors such as chemicals, pharmaceuticals, and manufacturing is expected to drive imports of phenols and phenol-alcohols. The rise of green chemistry and sustainable manufacturing practices might also influence the import trends, as China seeks more eco-friendly raw materials and production processes.
