The import of diols (except ethylene and propylene glycol) to China is anticipated to grow steadily from 2024 to 2028, starting at $429.81 million in 2024 and rising to $464.44 million by 2028. This consistent increase suggests a positive outlook for this segment, reflecting a compound annual growth rate (CAGR) of approximately 2.4% over the five-year period. In 2023, the imports were at a certain level which serves as a baseline for the forecasted years.
Future trends to watch for:
- Possible regulatory changes in China's chemical import policies
- Fluctuations in global diol prices impacting import volumes
- Technological advancements increasing domestic production capabilities
