In 2023, the re-import of carbides to China stood at an unspecified value; however, forecasts from 2024 through 2028 show a consistent decline. Starting with 1.53 thousand kilograms in 2024, it decreases by 9.8% to 1.38 in 2025, followed by an 11.6% drop to 1.22 in 2026. It further declines by 12.3% to 1.07 in 2027, and a decrease of 13.9% to 0.921 in 2028. The five-year CAGR indicates a gradual decline in re-imports, reflecting possible challenges in market demand or shifts in global supply chains.
Future trends to watch for include:
- Potential stabilization or increase in demand due to economic recovery or technological advancements.
- Changes in international trade policies affecting carbide imports.
- Development of domestic production capabilities in China reducing dependency on re-importation.