The import value of organic chemicals to China was at 74.00 Billion US Dollars in 2023. From 2024 onwards, the projected figures indicate a steady annual increase. Specifically, the shipment value is forecasted to rise from 75.41 Billion US Dollars in 2024 to 83.292 Billion US Dollars by 2028. The year-on-year growth rates are expected to be approximately 2.7% from 2023 to 2024, and this trend persists, with annual increases ranging between 2.53% to 2.78%. Over the next five years, the compound annual growth rate (CAGR) is anticipated to be around 2.96%.
For future trends, potential shifts in China’s regulatory landscape, advancements in organic chemical production technology, and fluctuations in global supply chains will be key areas to watch. Dependency on sustainable and eco-friendly chemicals may also drive changes in import patterns.
