In 2023, the import of salts and esters of citric acid to China stood at a growth level consistent with industrial demands. From 2024 to 2028, forecasts indicate a steady yearly decrease in import volume from 1.055 to 0.99366 million kilograms. This represents a declining trend with year-on-year variations highlighting a slight, yet consistent, reduction in imports.
On average, the compound annual growth rate (CAGR) over these five years illustrates a gradual decrease. This decline reflects a potential shift in production or consumption patterns within the region, possibly due to increased local production or changes in demand dynamics.
Future trends to watch for:
- Adjustments in local production capabilities and their impact on import needs.
- Shifts in consumer preferences possibly influencing demand for citric acid derivatives.
- Regulatory changes affecting import procedures or costs.
- Trade agreements impacting international supply chains.