The forecast for pig iron consumption from 2024 to 2028 indicates a gradually declining trend, beginning at 21.66 thousand metric tons in 2024 and decreasing to 21.54 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) of -0.1% per year. In 2023, the actual consumption stood around the forecast's starting point, showing minimal variation over recent years.

For future trends, closely monitor:

Potential regional manufacturing shifts affecting pig iron demand.
Technological advancements influencing production efficiency and material substitution.
Policy changes impacting import-export dynamics and raw material access.