In 2023, the import value of agglomerated iron ore and concentrate to China stood at a level just below the 2024 forecast. Between 2024 and 2028, the forecasted imports show a gradual decline, with values dropping from 1.8147 billion USD in 2024 to 1.6089 billion USD in 2028. This reflects a year-on-year decrease, varying by a small percentage annually. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) suggests a consistent drop, potentially due to shifts in the iron ore industry or changes in China's industrial demand.

Future trends to watch include:

Potential shifts in global iron ore supply and pricing, which could impact import values.
Changes in China's industrial policies or economic growth rates affecting demand.
Technological advancements in steel production possibly reducing the need for imported ore.
Environmental policies that might influence the types of ore imported.