Based on the provided data, the year-on-year percentage variations are as follows: from 2024 to 2025, an increase of 4.18%; from 2025 to 2026, an increase of 3.93%; from 2026 to 2027, an increase of 3.71%; and from 2027 to 2028, an increase of 3.51%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.83%.
Future Trends to Watch
Future trends to observe include technological advancements in agriculture and forestry machinery which could drive demand for higher-quality blades. Additionally, improvement in domestic manufacturing capabilities might impact the volume of imports. Monitoring global steel prices and trade policies will be crucial for future forecasts and strategic planning.
