Forecast: Import of Gum, Wood or Sulphate Turpentine to China

Forecasts indicate a steady increase in the import of gum, wood, or sulphate turpentine to China from 2024 onwards. Starting at $26.641 million in 2024, the value is expected to reach $31.852 million by 2028. This represents an average annual growth rate (CAGR) of approximately 4.5% over five years. Note that the 2023 value, needed for calculating year-on-year variations up to 2023, is not provided.

Future trends to watch for:

  • Emerging markets in Asia driving further demand.
  • Technological advancements in the production process possibly affecting import needs.
  • Potential shifts in environmental regulations impacting the supply chain and costs.

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