The import of threaded fittings, iron or steel except stainless to the US, is projected to increase steadily from 136.3 million kilograms in 2024 to 153.8 million kilograms in 2028. Assuming an upward trend since prior years, the volume likely reflects continuous growth. From 2023 to 2024, the market anticipates a healthy year-on-year increase, followed by steady growth ranging between 3-4% annually. The compound annual growth rate (CAGR) over this five-year period suggests an average annual increase in imports.
Future trends to watch for include potential shifts in global production capacity, technological advancements in manufacturing, and policy changes affecting trade, which might impact the demand and sourcing strategies in the US market.
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