In 2023, the import of hot rolled stainless steel in coils of a width of 600 mm or more, and thickness less than 3 mm to China was documented at $418 million. The forecast data from 2024 to 2028 suggests a steady increase in import value, starting from $433.1 million in 2024 to reaching $505.22 million in 2028. This represents a consistent year-on-year growth, indicating a positive trend in demand within the Chinese market.
- Year-on-year variation from 2024 to 2025 is approximately 4.29%.
- Year-on-year variation from 2025 to 2026 is approximately 4.04%.
- Year-on-year variation from 2026 to 2027 is approximately 3.80%.
- Year-on-year variation from 2027 to 2028 is approximately 3.57%.
- The compound annual growth rate (CAGR) over this five-year period is approximately 3.93%.
Future trends to watch for include potential impacts from China's industrial policies aiming to reduce dependency on imports by boosting domestic production capabilities, as well as fluctuations in international trade relations which could affect supply chains and pricing dynamics.
