From 2013 to 2023, China's import of Ethylene Glycol (Ethanediol) saw fluctuations, reaching 11.101 Billion Kilograms in 2023. Key observations include a significant drop in 2016, a recovery by 2018, and stable growth thereafter. Year-on-year variations show periods of both growth and decline, with recent years indicating a steady upward trend. The last available data show a CAGR of 2.52% over the recent five-year period, highlighting moderate but consistent growth.
Looking forward, the forecast suggests continued growth, albeit at a slightly lower average yearly rate of 2.13% over the next five years. By 2028, imports are expected to reach 12.706 Billion Kilograms, indicating an 11.09% growth from 2023.
Future Trends to Watch for:
- Impact of China's economic policies and environmental regulations on chemical imports.
- Global supply chain adjustments and their effect on Ethylene Glycol availability and pricing.
- Technological advancements in production and recycling of Ethylene Glycol to address sustainability concerns.
- Shifts in demand from downstream industries such as automotive and textile sectors.
