The import of Vitamin C to China saw significant fluctuations from 2013 to 2023, with a notable dip in 2015 followed by a substantial increase in 2018. In 2023, the volume of imports stood at 292.16 thousand kilograms. Over the past two years, there was a modest positive trend with a year-on-year increase of 1.75% in 2023. However, the average annual growth rate over the last five years (2018-2023) registered a slight decline at -1.02% CAGR.
Forecasts indicate a steady annual increase from 2024 onwards, with imports reaching up to 317.45 thousand kilograms by 2028, revealing a forecasted five-year CAGR of 1.2% and an overall five-year growth rate of 6.14%.
Future Trends to Watch For:
- Potential impacts of global supply chain dynamics on Vitamin C imports.
- Shifts in domestic production capabilities and self-sufficiency levels.
- Influence of health and wellness trends on Vitamin C demand.
