In 2023, China's import volume of isocyanates stood at 139.16 million kilograms. The forecast for 2024-2028 shows a steady decline, with volumes expected to reach 119.75 million kilograms by 2028. The annual decreases are approximately 3% from 2024 to 2028, indicating a weakening demand or increased domestic production capacity. The compound annual growth rate (CAGR) over this period suggests a negative trend, averaging around -3% yearly.
Future trends to watch include:
- Potential shifts in geopolitical trade relations affecting import volumes.
- Technological advancements or policy changes boosting local production.
- Environmental regulations impacting synthetic chemical markets.
- Fluctuations in global isocyanate pricing influencing import dynamics.
