The forecast for the import of natural gum, resin, gum-resin, and balsam to China shows a consistent upward trend from 2024 to 2028. Starting at 42.664 million USD in 2024, the import value is set to increase gradually each year, reaching 49.381 million USD by 2028. This represents an annual average growth rate of approximately 3.7%. This moderate yet steady growth suggests positive market conditions and ongoing demand within China for these products. In 2023, the import value stood at a lower level relative to the forecasted figures for 2024 and beyond.
Future trends to watch for include:
- Potential changes in China's regulatory environment impacting import duties or trade policies.
- Shifts in global supply chains that might affect availability or cost of these natural products.
- Innovations and developments in alternative materials which could impact demand for traditional natural gum and resins.