In 2023, the import of cored wire of base metal for electric arc-welding to China stood at approximately 17.5 million kilograms. From 2024 onwards, the forecast indicates a gradual decline in the import volume, with projections of 17.382 million kilograms in 2024 decreasing to 16.614 million kilograms by 2028. Year-on-year variations suggest a steady decrease at a rate of around 1.1% annually, while the compounded annual growth rate (CAGR) for the 2024-2028 period is approximately -1.2%.
Future trends to watch for include technological advancements in welding techniques that may affect demand and trade policies between China and other major exporting countries, which could influence the import landscape. Additionally, shifting economic conditions and infrastructure development projects within China may further impact the demand for imported welding materials.
