The import of plate, sheet, strip of copper-tin alloy in coils to China is forecasted to decline gradually from 11.826 million kilograms in 2024 to 9.4229 million kilograms by 2028. This represents a consistent downward trend over the projected years.
Comparing the year-on-year variations from 2024 onwards reveals a decreasing trend: there is a decline of approximately 5.24% from 2024 to 2025, 5.41% from 2025 to 2026, 5.60% from 2026 to 2027, and 5.82% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period stands at approximately -5.34%, indicating a steady decrease in import volumes.
Future trends to watch for:
- Potential shifts in global supply chains that could influence China's dependency on imported copper-tin alloys.
- Technological advancements and innovations in alternative materials that could reduce the demand for copper-tin alloys.
- China's domestic production capacity expansions that might impact future import needs.
- Evolving economic policies or trade agreements that could affect import dynamics.