As of 2023, the re-import of permanent magnets and related articles to China was valued at approximately 22.5 million USD. From 2024 onwards, the forecasted data shows a declining trend in value, with a year-on-year decrease of 12.92% in 2025, 14.58% in 2026, 17.05% in 2027, and 19.61% in 2028. The compound annual growth rate (CAGR) over this forecasted period is approximately -15.74%, reflecting a consistent downward momentum in the market.
Future trends to watch for include:
- Technological advancements in magnet production.
- Shifts in China's domestic production capabilities and raw material sourcing.
- Changes in global trade policies affecting import regulations.
