In 2023, China's import of acrylic acid and its salts was observed, serving as a comparison base for the projected decline from 2024 onwards. Forecasts indicate a steady decrease in import volumes from 18.449 million kilograms in 2024 to 12.051 million kilograms by 2028. The year-on-year percentage change illustrates this contraction, revealing a downward trend in demand or increased domestic production capabilities. This progression yields a compound annual growth rate (CAGR) that emphasizes an average reduction in imports over this five-year forecast period.
Future trends to watch for include potential shifts in domestic production capabilities, environmental regulations impacting acrylic acid consumption, and changes in global supply chain dynamics. Monitoring these variables will be critical for stakeholders in assessing market strategies and potential shifts in import patterns.
