The import of plaited bands of iron or steel not electrically insulated to China is projected to show steady growth from 2024 to 2028. In 2023, the value stood at approximately $36.7 million. From 2024 onwards, we anticipate incremental annual increases, with a year-on-year growth between 1.6% and 2.1%. The compound annual growth rate (CAGR) over the five years is expected to be around 1.9%, reflecting consistent demand and supply trends in the sector.

Future trends to watch for include:

Potential shifts in global trade policies affecting iron and steel imports.
Developments in alternative materials or technologies that might impact demand.
Economic conditions in China that could influence industrial and construction activities.