The import forecast for carboxylic acids (phenol function only) to China from 2024 to 2028 shows steady growth. The projected import values indicate a constant increase, with a Compound Annual Growth Rate (CAGR) over the forecast period. Since 2023, when the set value was still lower than the 2024 forecast, the year-on-year growth rate suggests consistent expansion in demand.

Future trends to watch for include:

Potential changes in China's industrial policies affecting chemical imports.
Fluctuations in global oil prices which could impact production costs and import prices.
Advancements in local production capabilities or shifts in trade relations that could influence import dependency.