The forecast indicates a steady decline in the export volume of cast steel pipe fittings from the US, decreasing from 14.15 thousand metric tons in 2024 to 10.95 thousand metric tons by 2028. This represents a year-on-year decrease of approximately 6% from 2024 to 2025, and a consistent decreasing trend through 2028. It is important to note that the volume in 2023 was historically higher, indicating a continued downward trend. The compound annual growth rate (CAGR) over these five years reveals a negative growth pattern, suggesting an average annual decrease in exports.
Future trends to monitor include:
- Global market demand shifts, particularly in key importing countries.
- Potential changes in US trade policies or tariffs impacting competitive pricing.
- Technological advancements or alternatives in infrastructure sectors affecting demand.