In 2023, China's import of aluminium wire of a thickness not exceeding 7 mm stood at approximately 1.43 million kilograms. Forecasts indicate a slight downward trend, with projections showing imports decreasing to 1.2875 million kilograms by 2028. The year-on-year growth rate shows a steady decline, reflecting a negative growth trajectory with minor annual reductions. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) highlights a gradual decrease, averaging a downward trend per year.
Future trends to watch for include:
- Potential shifts in international trade policies affecting import dynamics.
- Technological advancements in domestic production reducing import dependency.
- Fluctuations in global aluminium prices influencing import volumes.
- Environmental regulations impacting raw material sourcing.
