Analysis:
China's ethylene glycol imports showed a fluctuating trend over the years, reaching 9.4156 million metric tons in 2023. Actual data from 2013 to 2023 indicate a growth with some volatility. There was a significant drop in 2016 (-13.74%) but rebounded in subsequent years, peaking in 2020 at 10.548 million metric tons. The last two years saw a slight decline followed by moderate growth, with 2023 showing a 2.91% increase from the previous year. The five-year CAGR leading up to 2023 was -0.8%, reflecting overall slight contraction over this period. Forecast data from 2024 onward project slow but steady growth, with a forecast 5-year CAGR of 2.04% and a 10.63% total increase by 2028, signaling a gradual recovery and expansion of imports.
Future Trends to Watch For:
- Industry and economic factors affecting supply-demand balance.
- Impact of local production capacity improvements.
- Technological advancements in ethylene glycol production.
- Environmental regulations and their effect on import levels.
- Trade policies between China and key ethylene glycol exporting countries.
