The import of rivets of iron or steel to China is projected to increase steadily from 2024 to 2028, with an estimated value of 98.204 million USD in 2024 and reaching 104.6 million USD by 2028. In 2023, imports stood at 96.8 million USD, indicating a modest but consistent growth trend. The year-on-year growth rates for 2025, 2026, 2027, and 2028 are 1.68%, 1.62%, 1.56%, and 1.50%, respectively. The compound annual growth rate (CAGR) over the forecast period is approximately 1.54%.
Future trends to watch:
- Potential shifts in global steel prices that could impact import costs.
- China's infrastructure development plans, which may influence demand for construction materials like rivets.
- Emerging technologies and materials that could affect the demand and import pattern for traditional rivets.
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