The forecast for China's re-import of vessels and other floating structures for breaking up indicates a continuing decline from 31.927 million kilograms in 2024 to 27.356 million kilograms in 2028. Having stood at a higher level in 2023, this trend reflects a consistent contraction over the forecasted period with decreasing year-on-year growth rates. The compound annual growth rate (CAGR) over this period reveals a negative trend in volume.
Future trends to watch for include potential policy changes impacting the import industry, shifts in global demand for recycled materials, and technological advancements in dismantling processes which could affect the volume of imports for breaking up.
