The forecast for the import of unwrought aluminium alloys to China indicates a downward trend from 2024 to 2028, starting at $110.22 million and decreasing to $76.384 million. The year-on-year variation shows a consistent decline, hinting at roughly a 7-10% decrease annually over this period. In 2023, the exact figure isn't provided, but it serves as a benchmark for this downward trajectory. The compound annual growth rate (CAGR) over the forecasted five-year period points to a significant declining trend.
Future trends to watch for include:
- Changes in domestic aluminium production capacity, influencing import needs
- Global aluminium price fluctuations affecting trade dynamics
- Potential trade policy shifts that could alter import duties and agreements
- Technological advancements in aluminium processing within China
