The import value of non-electric domestic appliances of iron or steel to China is forecasted to rise steadily from 2024 to 2028, starting at $59.773 million and reaching $67.346 million. In 2023, this import stood at $58 million. Year-on-year growth ranges between 3.27% to 3.62% over the forecast period. The compound annual growth rate (CAGR) for 2024-2028 is approximately 3.48%.
Future trends to watch for:
- Potential impacts of trade policies and tariffs on import costs.
- Technological advancements influencing domestic production and reducing import reliance.
- Global and local economic fluctuations affecting consumer demand and purchasing power.