In 2023, the import value of essential oils of lemon to China stood at approximately 20.585 million US dollars. The forecast from 2024 to 2028 indicates a gradual decline, with values decreasing from 20.061 million US dollars in 2024 to 18.461 million US dollars in 2028. Year-on-year variations reflect a consecutive drop in import values, showing a downward trend over the forecasted period. The Compound Annual Growth Rate (CAGR) over these years illustrates a consistent shrinking market for imported lemon essential oils.
Future trends to watch for include:
- Potential economic factors influencing import costs and domestic production capability.
- Shifts in consumer preferences towards local or alternative products impacting demand.
- Regulatory changes affecting import tariffs or quotas.