The import of urea resins and thiourea resins into China is forecasted to decrease from a predicted 19.567 million USD in 2024 to 17.586 million USD by 2028. From 2023 data, this signifies a declining trend in the market. Observing year-on-year variations shows a consistent decrease: a reduction of approximately 2.6% every year. Over the five-year forecast period, the compound annual growth rate (CAGR) stands at around -2.7%, indicating a steady decline in imports. In 2023, the value stood slightly higher than the figures predicted for 2024, emphasizing a continuing downward trajectory.
Future trends to watch include China's domestic production capacities potentially replacing imports, shifts in global trade relations, and environmental regulations influencing import volumes. Monitoring policy decisions and advancements in local production technologies could provide further insights.
