In 2023, China's import of Agar-Agar was 1.26 million kilograms. The forecast from 2024 to 2028 shows a steady increase in imports from 1.317 million kilograms in 2024 to 1.556 million kilograms in 2028. The average annual increase, or CAGR, for this period is approximately 4.14%. Year-on-year, there's a consistent rise, with the most notable growth in 2026 and 2027.
Future trends to monitor include:
- Potential changes in production capacities in major Agar-Agar exporting countries.
- Consumption trends in China's food and pharmaceutical sectors.
- Regulatory changes impacting import/export dynamics.
- Emerging alternative hydrocolloids that might influence Agar-Agar demand.