Based on the forecasted data, the import of Propene (Propylene) to China is expected to increase steadily from 4.0731 billion kilograms in 2024 to 4.6255 billion kilograms in 2028. In 2023, the actual import volume stood at 3.934 billion kilograms. The year-on-year variation from 2024 to 2028 indicates an average annual growth rate of around 3.2%, with specific increments observed each year: approximately 3.5% from 2024 to 2025, 3.3% from 2025 to 2026, 3.1% from 2026 to 2027, and 3.0% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is calculated to be around 3.2%.
Future trends to watch for include the impact of China’s evolving industrial policies, advancements in production technologies, and the global demand and supply fluctuations of Propene (Propylene). Additionally, monitoring China’s domestic production capabilities and any potential trade policies affecting chemical imports will be critical for anticipating future market movements.
