In 2023, the import value of sheet or film non-cellular and not reinforced of phenolic resins to China was $3.7061 million. The forecast data indicates a declining trend from $3.2663 million in 2024 to $1.326 million in 2028. This represents a steady year-on-year decrease, with more significant drops forecasted especially in 2027 and 2028. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be negative, highlighting a consistent downtrend in imports.
Future trends to watch for include market conditions impacting demand, potential domestic production increases offsetting the need for imports, and regulatory or technological changes that may alter phenolic resin usage. Monitoring shifts in global trade policies and any emerging substitutes in related industries will also be crucial.
