In 2023, the import of sulphonated, nitrated, or nitrosated derivatives of hydrocarbons to China was valued at 26 million USD. From 2024 onwards, the forecasted data shows a consistent upward trend. The import values are expected to increase annually, reaching 31.365 million USD by 2028. The year-on-year growth rate averages around 3-4%. The compound annual growth rate (CAGR) over the next five years is estimated to be around 3.5%.
Future trends to watch for include:
- Increased demand driven by industrial growth and technological advancements in China.
- Potential trade policy changes impacting import patterns.
- Shifts in global supply chains and the availability of raw materials.