In 2023, the re-import volume of forged iron or non-alloy steel bar and rod to China was 584.42 thousand kilograms. From 2024 through 2028, a consistent increase is forecasted, with volumes reaching 666.32 thousand kilograms in 2028, indicating a year-on-year growth trend. Specifically, there is an average annual growth rate of about 2.7% projected over these five years.
Future trends to watch for include:
- Potential changes in China's domestic production capacities affecting import needs.
- Global economic factors influencing raw material prices.
- Trade policy shifts that may impact import-export dynamics and supply chain efficiencies.
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