In 2023, the import value of supported catalysts with precious metal or compounds to China stood at a baseline figure. The forecasted data indicates a steady increase over the next five years, reaching approximately 1066.8 million USD by 2028. This represents a compound annual growth rate (CAGR) of about 3.2% from 2024 to 2028.
Year-on-year variations show a consistent growth trend:
- From 2024 to 2025, there is an increase of approximately 3.5%.
- From 2025 to 2026, the increment is around 3.35%.
- About 3.18% from 2026 to 2027.
- Lastly, a 3.03% growth from 2027 to 2028.
Future trends to watch include China's industrial policy adjustments impacting demand, global precious metal market fluctuations, and technological advancements in catalyst efficiency which may influence import dynamics significantly.
