The import of Hydrogen Fluoride to China has shown a consistent upward trend over the past decade, starting from 2.4327 million kilograms in 2013 and reaching 13.21 million kilograms in 2023. The year-on-year variation has fluctuated, with significant increases in some years, such as 56.33% in 2014 and 32.37% in 2017, while experiencing dips in others, like -7.81% in 2013 and -11.78% in 2020. Over the last two years, imports grew by 5.37% in 2022 and 4.99% in 2023.
The compound annual growth rate (CAGR) illustrates the average annual growth over a period, showing a 4.39% increase per year from 2018 to 2023. Looking forward, the forecast projects a 3.48% CAGR from 2024 to 2028, reaching a total import volume of 16.491 million kilograms by 2028, indicating an 18.64% growth over this period.
Future trends to watch for include the continued industrial demand for Hydrofluoric Acid in manufacturing and processing industries, potential shifts in global supply chains, and any regulatory changes impacting import-export dynamics.
