The forecast for re-import of hand saws to China indicates a steady decline from 2024 to 2028, starting at 9.63 thousand kilograms in 2024 and decreasing to 7.91 thousand kilograms by 2028. This represents an approximate year-on-year decrease of about 4.62% in 2025, 4.69% in 2026, 4.80% in 2027, and 5.05% in 2028. Previously, in 2023, the re-import volume stood higher than the projected figures for the subsequent years. The Compound Annual Growth Rate (CAGR) over the next five years is expected to highlight a consistent downtrend, indicating entering a shrinkage phase.
Future trends to watch for:
- Potential shifts in domestic manufacturing capabilities affecting import needs.
- Changes in trade policies that could impact re-import activities.
- Technological advancements leading to demand for alternative tools.
- Market adaptations following consumer behavior changes and industry innovation.
