The re-import of lock parts of base metal to China is projected to decline gradually from 2024 to 2028. In 2023, this volume stood at 6.55 million US Dollars, marking a consistent downward trend in subsequent years. The year-on-year decrease from 2024 to 2028 shows an average decline of approximately 2% annually, leading to a compounded annual growth rate (CAGR) of -1.93% over this period.

Future trends to watch for:

Global economic conditions impacting manufacturing and trade policies may further influence this forecast.
Technological advancements in lock manufacturing might reduce dependency on imported parts.
Monitoring shifts in domestic production capabilities and investments within China could reshape import needs.