In 2023, the re-import of metal permanent magnets and related articles to China was valued at $83.56 million USD. The subsequent forecasted data indicates a gradual decline in value from 2024 to 2028, with values decreasing from $80.87 million USD in 2024 to $66.727 million USD in 2028.
- The year-on-year percentage decline from 2024 to 2025 is approximately 4.52%.
- From 2025 to 2026, the decline is about 4.62%.
- The year-on-year decrease from 2026 to 2027 is projected at 4.75%.
- Lastly, from 2027 to 2028, a decrease of approximately 4.89% is expected.
This consistent downward trend over five years suggests a Compound Annual Growth Rate (CAGR) of around -4.5%.
Looking forward, key trends to watch include China's domestic production capabilities, trade regulations, and global supply chain dynamics, which could further influence the re-import market value of metal permanent magnets.
