In 2023, the import of silver in unwrought forms to China stood at 783.15 Thousand Kilograms. The forecast indicates a steady increase in imports from 2024 to 2028, reaching 862.57 Thousand Kilograms in 2028. This period shows a year-on-year growth of 2.04% in 2024, 2.04% in 2025, 1.97% in 2026, 1.89% in 2027, and 1.81% in 2028. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 would be approximately 1.95%, showcasing moderate growth.
Future trends to watch for:
- Potential influences of global silver demand on China's import levels.
- Price fluctuations of silver impacting its import volumes.
- Government policies affecting silver imports and industries using silver.
- Technological advancements in silver usage and its alternatives.