The import of polyurethanes to China shows a steady growth trend from 2024 to 2028, increasing from 186.11 million kilograms in 2024 to 202.06 million kilograms in 2028. This represents a consistent year-on-year increase, with a compound annual growth rate (CAGR) across these forecasted years. Comparatively, in 2023, the import volume was around 182 million kilograms, highlighting a continuous growth trajectory.
Future trends to watch for include:
- Increasing domestic demand for polyurethanes driven by China's growing industries, such as automotive and construction.
- Potential impact of policy changes on import regulations and tariffs affecting polyurethane trade.
- Development of local manufacturing capabilities that may affect import reliance.