The forecast for the import of angles, shapes, and sections of stainless steel to China shows a significant declining trend from 2024 to 2028. Starting at 792.43 thousand kilograms in 2024, imports are forecasted to diminish steadily, decreasing by 21.49% in 2025 to 622.29 thousand kilograms. The decline continues with an average annual decrease of around 32% by 2028, which represents a compound annual growth rate (CAGR) of approximately -30% over five years. As of 2023, the import stood at a higher level before this downturn commenced.
Future trends to monitor include:
- China's domestic production capacity expansion, potentially diminishing reliance on imports.
- Global market dynamics, including trade policies and pricing fluctuations, which could impact import levels.
- Environmental regulations and sustainability practices influencing demand for stainless steel products.
