In 2023, the re-import of flexible tubing of base metal to China stood at 117.21 thousand US Dollars. The forecasted data shows a declining trend over the period from 2024 to 2028. Specifically, there is a year-on-year decrease of approximately 17.9% in 2025, 20.3% in 2026, 26.6% in 2027, and 35.5% in 2028. The compound annual growth rate (CAGR) over the five-year forecast period is -20.1%, indicating a consistent decrease in the re-import value.
Future trends to watch for:
- Potential shifts or invigorations in domestic demand for flexible tubing, which could alter re-import dynamics.
- Changes in global base metal prices affecting the overall import-export balance.
- Developments in national policies regarding environmental regulations that might influence the demand for flexible tubing materials.
