Forecast: Import of Powders of Iron or Steel Other Than Alloy to China

With 2023 as the baseline, the forecast for the import of non-alloy iron or steel powders shows a consistent upward trend from 83.286 million kilograms in 2024 to 91.298 million kilograms in 2028. This marks a steady year-on-year growth rate averaging around 2.4% annually. The compound annual growth rate (CAGR) projected over the five years indicates a robust trend, revealing a gradual increase in importation driven by heightened demand and potential expansions in sectors relying on these inputs.

Looking ahead, it’s crucial to monitor factors such as international trade policies, advancements in domestic production capabilities, and shifts in industry demand, particularly in automotive and manufacturing sectors, which could significantly influence these import patterns.