The re-import of refractory cements, mortars, and concretes, except graphite, to China is expected to rise steadily over the next five years, with forecasts from 2024 to 2028 showing a consistent annual increment. The year-on-year growth rates approximate around 6% annually, a healthy sign of increased demand or usage within the Chinese market. The Compound Annual Growth Rate (CAGR) offers insight into the expected durable growth, indicating a robust upward trend.
Future trends to watch for include:
- Technological advancements in refractory materials, potentially influencing future imports.
- Changes in domestic manufacturing policies that may alter the demand for imports.
- Environmental regulations affecting cement and concrete industries that could impact import volumes.
- Global supply chain fluctuations that may affect price and availability.