The re-import of pipe fittings of non-malleable cast iron to China is projected to grow steadily from 2024 to 2028, reaching 56.61 thousand kilograms by 2028, up from 52.56 thousand kilograms in 2024. This shows a continuous year-on-year increase, with a compound annual growth rate (CAGR) reflecting a stable upward trend. As of 2023, the volume was slightly lower than 52.56 thousand kilograms, indicating a positive outlook for future growth in this market segment.
Future trends to watch for include:
- Potential shifts in global trade policies affecting import dynamics.
- Technological advancements in production and logistics, reducing costs.
- Domestic demand changes in China driven by infrastructure development.
- Environmental regulations impacting the use of non-malleable cast iron.
