The import of petroleum bitumen to China in 2024 is forecasted at 5.5654 billion kilograms, following an actual import of 5.423 billion kilograms in 2023. Projected increments take this number to 6.0733 billion kilograms by 2028. This indicates a steady upward trend with average annual increases. Between 2024 and 2028, the compound annual growth rate (CAGR) is expected at approximately 2.2%, reflecting sustained demand in the market.
Future trends to watch for:
- Infrastructure development could drive higher demand for bitumen.
- Potential shifts in energy policies impacting bitumen imports.
- Technological advancements improving bitumen usage efficiency.
