In 2023, the import volume of electric conductors fitted with connectors for a voltage not exceeding 80 volts stood at approximately 31.1 million kilograms. Forecasted data shows a gradual decline in import volumes from 2024 to 2028, with a year-on-year decrease of around 3% each year, leading to a cumulative decline by 2028. The compound annual growth rate (CAGR) for 2024 to 2028 suggests an average annual decrease of about 3.2%.
Future trends to watch for include:
- The impact of advancements in domestic production technology, potentially reducing dependency on imports.
- Changes in regulatory standards or trade agreements that could influence import patterns.
- Increasing adoption of alternative materials or technologies that may affect market demand.