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.