In 2023, the import value of wood screws of iron or steel, except coach screws, to China stood at an estimated 1.96 million USD. From 2024 onwards, forecasted figures indicate a steady growth pattern. The year-on-year increment from 2024 to 2028 suggests minor but consistent gains in import values, hovering between 2% and 2.5%. Such growth indicates a stable demand trend backed possibly by manufacturing or construction sectors.
Future trends to watch for include:
- Fluctuations in global steel prices, which might impact import costs.
- China's infrastructure projects and their influence on demand for wood screws.
- Potential policy changes affecting trade agreements or tariffs.
- Technological advancements in alternative fastening products impacting traditional screws.