In 2023, the import volume of corks and crown of base metal to China was significantly higher than the forecasted values for the subsequent years, indicating a downward trend. From 2024 onwards, there is a consistent decrease in import volumes: 43.24 thousand kilograms in 2024, dropping to just 6.08 thousand kilograms by 2028. The year-on-year variation shows a rapid decline, with a compound annual growth rate (CAGR) indicating an average yearly reduction. This trend signals declining demand or possible substitution of these imports in the Chinese market.
Future trends to watch for include potential shifts in local manufacturing capabilities, possible changes in consumer preferences, or advancements in alternative materials which could impact these import patterns. Additionally, trade policies or economic conditions might further influence these declines or lead to stabilization.
