The forecasted import of petroleum resins, polyterpenes, and polysulfides to China shows a steady year-on-year increase from 2024 to 2028, reflecting a Compound Annual Growth Rate (CAGR) of approximately 2.85%. This indicates a consistent growth trajectory in the market. Looking back to 2023, the import value stood at 1.01 billion US dollars.
Year-on-year variations:
- 2024: +2.83% (compared to 2023)
- 2025: +3.09% (compared to 2024)
- 2026: +2.93% (compared to 2025)
- 2027: +2.80% (compared to 2026)
- 2028: +2.65% (compared to 2027)
Future trends to watch include:
- Technological advancements in the production of these resins and their derivatives.
- Potential shifts in global trade policies and tariffs impacting import dynamics.
- Environmental regulations influencing the demand and production methods.