In 2023, the re-import value of metal mountings and fittings for buildings to China stood at approximately 1.395 million USD. Forecasted figures indicate a consistent decline from 2024 to 2028, starting at 1.195 million USD in 2024 and decreasing to 0.418 million USD by 2028. This reflects a clear diminishing trend, with an average annual decline (CAGR) of about 20% over the five-year period. The year-on-year decline appears substantial, indicating possible shifts in supply chain strategies or domestic production capabilities.
Key future trends to monitor include:
- The impact of China’s evolving construction industry on demand for high-quality, imported metal fittings.
- Potential policy changes favoring local manufacturing influencing import volumes.
- The role of sustainability and raw material availability on production and re-import needs.