In 2023, the import volume of non-electrically insulated stranded steel wires or cables to China stood at 54.150 million kilograms. From 2024 to 2028, the forecast indicates a steady decline in import volumes, decreasing annually. The year-on-year reduction illustrates a consistent downward trend in demand, decreasing from 53.513 million kilograms in 2024 to 51.088 million kilograms in 2028. In terms of Compound Annual Growth Rate (CAGR), the average annual decline over this projected period is noticeable, illustrating a reduction in importation activities.
Future trends to monitor include fluctuations in domestic production capacities, changes in infrastructure projects, and global trade dynamics, which could significantly impact import patterns for stranded steel wires in China.
