In 2023, the import of pigments and preparations based on chromium compounds to China stood at approximately 1.24 million kilograms. The forecasted data indicates a year-on-year decline, with the volume decreasing from 1.2062 million kilograms in 2024 to 1.0925 million kilograms in 2028. This represents a downward trend with a compound annual growth rate (CAGR) of -2.5% over the five-year forecast period.
Future trends to watch for include:
- Development of new regulations on chromium compound use, impacting import demand.
- Advancements in alternative pigment technologies potentially reducing reliance on chromium-based compounds.
- Shifts in China's manufacturing sectors, particularly in the automotive and paint industries, which might influence pigment import volumes.