In 2023, the import of hot rolled stainless steel not in coils of a width of 600 mm or more and thickness of 4.75-10 mm to China stood at 47.820 million USD. The forecasted values indicate a steady yearly growth: 48.386 million USD in 2024, 48.975 million USD in 2025, 49.552 million USD in 2026, 50.117 million USD in 2027, and 50.671 million USD in 2028.
The year-on-year growth percentages from 2024 to 2028 are stable and reflect gradual progression in the import volume:
- 2024 to 2025: Approximately 1.22%
- 2025 to 2026: Approximately 1.18%
- 2026 to 2027: Approximately 1.14%
- 2027 to 2028: Approximately 1.11%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.15%, marking a consistent growth trajectory for this import category.
Future trends to watch for include potential shifts in demand due to changes in China’s infrastructural projects and economic policies, as well as fluctuations in global steel prices and trade agreements that could impact importation dynamics.
