In 2023, the import volume of liquorice extract to China was 2.74 million kilograms. The forecast for the years 2024 to 2028 shows a consistent decline, with imports decreasing from 2.6607 million kilograms in 2024 to 2.3574 million kilograms by 2028. The year-over-year decline in import volume indicates a negative growth trend, which is significant given the sector's scale. The compound annual growth rate (CAGR) for the period suggests an average reduction per year, marking a contracting market.

Future trends to watch include:

Potential changes in domestic demand and consumption patterns for liquorice-containing products.
Evolution of international trade policies that could impact import tariffs and volumes.
Advancements or changes in alternative sources or substitutes for liquorice extract.