In 2023, the import value of pipe fittings of non-malleable cast iron to the US stood at approximately 26 million USD. From 2024 onwards, forecasted data indicates a steady decline, with expected values decreasing from 25.76 million USD in 2024 to 24.532 million USD by 2028. The year-on-year percentage change highlights a consistent trend of reduction, averaging an approximate decline of 1.3% annually over the five-year period from 2023 to 2028. The compound annual growth rate (CAGR) reflects a steady negative growth rate over this period, illustrating a sustained downward trajectory in import values.
Future trends to watch for include potential shifts in global trade policies and economic conditions, technological advancements in alternative materials, and changes in supply chain dynamics. Additionally, trends in the US construction and manufacturing sectors, which drive demand for pipe fittings, will influence future import activities.
