Forecast: Import of Wire of Iron or Non-Alloy Steel to China

The import of wire of iron or non-alloy steel to China is forecasted to decline over the next five years, starting from $89.504 million in 2024 and reducing to $67.856 million by 2028. This trend is anticipated in continuation from the levels in 2023, though specific 2023 values aren't provided here for direct comparison. The year-on-year decline reflects a steady reduction in import value, with an emphasized decrease notable from 2026 onward.

Looking ahead, the compound annual growth rate suggests a consistent annual decline over the next five years. Future trends to watch for include economic policy changes in China that may affect construction demand, developments in domestic steel wire production capabilities, and international trade agreements that might influence import rates.