The import of precious metal colloids, compounds, and amalgams to China experienced fluctuating trends from 2013 to 2023. There was a notable decline in imports from 2013 to 2016, followed by a significant surge starting in 2017. The year 2023 saw the import value standing at 392.52 Million US Dollars, reflecting a 2.93% increase compared to the previous year. Over the past five years, the average annual growth rate (CAGR) was approximately 1.51%.
Looking forward, the forecasted CAGR from 2024 to 2028 is expected to be around 2.17%, indicating a moderate but steady growth trend. By 2028, the import value is projected to reach 452.04 Million US Dollars, marking an 11.31% growth over the five years.
Future trends to watch for:
- Adoption of emerging technology in precious metal applications.
- Economic policies impacting trade regulations and import tariffs.
- Global supply chain disruptions affecting availability and pricing.
- Domestic demand and investment trends in high-tech industries, driving import needs.
- Environmental regulations influencing the source and choice of precious metal imports.