In 2023, the import of rivets for clothing, footwear, and bags of base metal to China stood at 2.05 million kilograms. Forecasted data from 2024 to 2028 suggests a consistent upward trend, with a compound annual growth rate (CAGR) of approximately 2.11% over these years. The year-on-year increase remains steady, reflecting China's growing demand and industrial production requirements for these products.
Future trends to watch for include:
- Shifts in global trade policies that could affect import tariffs and quotas.
- Technological advancements in manufacturing that might reduce reliance on imports.
- Fashion industry trends influencing the demand for riveted products.