The re-import of padlocks of base metal to China is projected to increase steadily from 44.92 thousand kilograms in 2024 to 45.48 thousand kilograms in 2028. In 2023, the value stood at 44.78 thousand kilograms, reflecting a slight upward trend in volume. The year-on-year growth is minimal, with an average increase of approximately 0.47% annually. The compound annual growth rate (CAGR) over the forecast period attests to this gradual rise.

Future trends to watch for:

Potential impacts of global supply chain adjustments and trade policies on re-imports.
Technological advancements in security leading to changes in demand for traditional padlocks.
Shifts in raw material prices affecting production and re-import costs.