The import of parts of slide fasteners to China is projected to decline steadily over the next five years, from 5.2514 million kilograms in 2024 to 4.9635 million kilograms in 2028. In 2023, this figure was recorded at approximately 5.331 million kilograms, marking a consistent downward trajectory. Year-on-year, the import volume decreases by about 1.4% to 2%, attributed to potential shifts in domestic manufacturing capabilities or demand fluctuations. The compound annual growth rate (CAGR) over this period is approximately -1.5%, indicating a slight but consistent decline in imports.
Future trends to watch include:
- Domestic production advancements possibly decreasing the dependency on imports.
- Global supply chain dynamics influencing import volumes.
- Fluctuations in fashion and textile manufacturing demand in China affecting the need for slide fasteners.
- Trade policy changes impacting the cost and volume of imports.