The import of aluminium structures and parts for construction to China saw significant fluctuations between 2013 and 2023, standing at $126.02 million in 2023. The year-on-year variation observed major rises and falls, with notable growth in 2018 (57.37%) and a peak CAGR of 15.13% in 2014, but experienced declines in some years such as 2016 (-11.75%). Despite these oscillations, the CAGR remained positive over the last five years (2023: 2.08%). Looking ahead, from 2024 to 2028, the market is expected to grow at a CAGR of 2.81%, projecting a total growth of 14.84% by 2028.
Future trends to watch for:
- Potential policy changes affecting import tariffs.
- Technological advancements in construction materials.
- Shifts in China's domestic aluminium production capabilities.
- Economic factors influencing construction sector demand.
