The import of polishes and creams for the maintenance of woodwork to China is forecasted to experience steady growth from 2024 to 2028, with the values rising from 12.285 million USD in 2024 to 13.622 million USD in 2028. Assuming the value stood at around 12 million USD in 2023, these forecasts indicate slow but consistent growth.
The year-on-year growth rate is expected to be around 2.8% annually, highlighting a stable demand for wood maintenance products. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests a yearly increase of approximately 2.7%.
Future trends to watch for include changes in consumer preferences towards eco-friendly products, which may influence import volumes, and the impact of China's economic policies on trade tariffs and domestic production of similar items.
