In 2023, the import value of rosin and resin acids to China stood at an estimated value preceding the forecasted data. From 2024 to 2028, the forecast shows a consistent year-on-year growth, with the value expected to reach 180 million USD by 2028. This represents a steady increase and a clear upward trend in import demand for these products in China.
Future trends to watch for include:
- Technological advancements in domestic resin production that could impact future import needs.
- Shifts in global supply chains and geopolitical factors that may influence trade dynamics.
- Changes in demand from China’s key manufacturing sectors, such as electronics and tire manufacturing, where these materials are frequently used.