Forecast: Turnover of Wholesale of Metal Materials Markets in China

The turnover of Wholesale of Metal Materials Markets in China has demonstrated fluctuations over the years. From 2013 to 2016, the market experienced a decline, highlighted by significant drops in 2015 (-15.74%) and 2014 (-10.21%). However, a recovery began in 2017 with a notable increase of 20.06%, followed by fluctuations and a general trend of growth. By 2023, the turnover reached 24.56 hundred billion Yuan Renminbi, reflecting a 2.93% year-on-year increase. Over the last five years, the market achieved a Compound Annual Growth Rate (CAGR) of 4.36%. Looking forward, forecast data suggests the market will continue to grow, with a five-year CAGR of 2.05% and a total growth rate of 10.69% by 2028.

Future trends to watch for include potential impacts from global economic conditions, fluctuations in raw material prices, and policy changes within China that could affect metal material demand and supply. Monitoring technological advancements in metal extraction, recycling, and usage within various industries will also be crucial.