In 2023, the import value of vegetable tanning extracts, tannins, and salts to China was recorded at approximately 35.15 million USD. The forecasted data from 2024 to 2028 indicates a gradual increase, reaching 36.338 million USD by 2028. The year-on-year growth trend from 2024 onwards reveals a steady rise, albeit at a modest rate, with slight increments year over year.
The compound annual growth rate (CAGR) over these five forecasted years reflects a stable and moderate upward trend.
Future trends to watch for include potential shifts in global supply chains, changes in trade policies impacting tariffs or import restrictions, and innovations in synthetic or alternative tannin products that could influence import demands.
