In 2023, China’s import of gum, wood, or sulphate turpentine oils was valued at 22 million USD. The forecast for this import segment shows a gradual yearly increase, with values expected to rise from 23.574 million USD in 2024 to 28.242 million USD by 2028. This reflects a consistent year-on-year growth between approximately 5% and 6%. The compounded annual growth rate (CAGR) from 2024 to 2028 is projected at around 5.3%, indicating modest but stable growth.
Future trends to watch include China's industrial expansion, which may further boost demand. Additionally, monitoring potential regulatory changes and economic factors could impact import dynamics. Attention to global supply chain adjustments and environmental policies influencing production might also be crucial.
