China's exports of iron and steel saw significant fluctuations over the past decade. The value, standing at $43.86 billion in 2023, has experienced notable year-on-year changes—such as a 100.35% jump in 2021, followed by a drastic 37.34% decline in 2022, and a slight 4.6% increase in 2023. The last five years showed a compound annual growth rate (CAGR) of -1.32%. Looking ahead, the forecast suggests steady albeit modest growth, with a projected CAGR of 1.04% over the next five years, culminating in an estimated value of $46.81 billion by 2028.
Future trends to watch for in China's iron and steel exports include potential impacts from international trade policies, domestic industrial demand, and shifts in global supply chains. Continuous monitoring of raw material costs and technological advancements in production will also be key factors influencing the export dynamics.
