The forecast for China's import of artificial waxes and prepared waxes of polyethylene glycol shows a steady increase. From 2024 to 2028, the import volume is expected to rise from 24.278 to 27.02 million kilograms, indicating a consistent year-on-year growth of approximately 2.9% to 3.6%. The compound annual growth rate (CAGR) over this five-year period is about 2.7%, reflecting moderate but stable demand growth. In 2023, the import volume was relatively similar to the 2024 projections, illustrating continuity in supply patterns.
Future trends to watch for include:
- China's industrial and technological advancements that may increase demand for artificial waxes.
- Potential trade policies and environmental regulations impacting import volumes.
- International economic factors that can affect global supply chains and pricing.
