In 2023, the re-import value of aluminium reservoirs, vats, and tanks to China was $590.14 thousand. The forecast for 2024 is $614.46 thousand, representing a year-on-year increase of 4.12%. Subsequent years continue this upward trend, with values rising to $640.5 thousand in 2025 (4.24% increase), $666.02 thousand in 2026 (3.99% increase), $691.03 thousand in 2027 (3.75% increase), and $715.53 thousand in 2028 (3.54% increase). The compound annual growth rate (CAGR) for 2024 to 2028 is projected at 3.93%.
Future trends to watch for include:
- Increasing demand for sustainable and recyclable materials, potentially boosting the re-import of aluminium products.
- Policy shifts in China regarding import/export regulations could alter trade dynamics.
- Technological advancements in aluminium production and recycling could drive efficiency and cost-effectiveness.