The forecast for China's re-import of zinc and associated products presents a downward trend from 2024 through 2028. In 2023, the actual value of re-imports was higher than the forecasted figures starting in 2024, highlighting a declining pattern. Year-on-year, there is a consistent reduction in the forecast values, with an average annual decline (CAGR) noticeable over the five-year period. This suggests a gradual decrease in re-import volume or value, potentially due to enhancement in domestic production or shifts in global zinc supply and demand dynamics.
Future trends to watch for include:
- Changes in China's domestic production capacity and technological advancements, which might reduce dependency on re-imports.
- Global economic factors impacting zinc prices and trade policies affecting import costs and volumes.
- Environmental regulations potentially influencing both local and global zinc production and trade policies.