In 2023, the import value of cresols to China stood at 27.6 million USD. The forecast for the years 2024 to 2028 shows a steady decline in import values: from 26.827 million USD in 2024 to 23.903 million USD in 2028. The year-on-year percentage declines range from around 2.8% to 3.0%, indicating a consistent downward trend. The compound annual growth rate (CAGR) over this five-year period is -2.9%.
Future trends to watch include potential shifts in China's industrial demand for cresols, changes in domestic production capacity and supply chain adjustments. Environmental regulations and technological advancements may also impact future import figures.
