In 2023, the import value of tin bars, rods, profiles, and wire to China was approximately 50 million USD. Forecasts predict a yearly decline in the import value from 2024 to 2028, with figures dropping from 44.323 million USD in 2024 to 22.165 million USD in 2028. The year-on-year variations show a consistent decline, reflecting market contraction in this sector. The compound annual growth rate (CAGR) over the forecast period suggests a significant shrinkage in the import market for these materials, averaging a substantial reduction in value each year.
Future trends to watch for include:
- Technological advancements in domestic production that could affect import reliance.
- Policy changes in trade regulations and tariffs impacting import trends.
- Global market fluctuations that alter demand and supply dynamics for tin-related products.
