In 2023, the import of earth colours containing 70% or more iron as ferrous oxide to China reached a significant volume. Forecasted data shows a consistent annual decline from 2024 to 2028, with values projected at 664.94 in 2024 to 395.97 thousand kilograms by 2028. The year-on-year variation reflects a negative trend, depicting a gradual reduction in imports. The compound annual growth rate (CAGR) over these five years indicates a substantial decrease in import volumes, with an average annual decline.
Future trends to watch include potential shifts in China's internal production capabilities, policy changes affecting imports, variation in pricing and demand in the global market, and advancements in alternative materials that may influence import volumes.
