The import volume of clasps incorporating locks of base metal to the US is projected to experience a steady growth from 2024 through 2028, starting at 560.98 thousand kilograms in 2024 and reaching 573.29 thousand kilograms by 2028. In 2023, the import volume was 558.00 thousand kilograms, indicating a consistent annual increase in volume. The year-on-year growth rate from 2024 to 2025 is approximately 0.57%, with similar gradual increments in subsequent years, suggesting stable demand. The compound annual growth rate (CAGR) between 2024 and 2028 is about 0.54%.
Future trends to monitor include:
- Potential trade regulation changes impacting the import of base metal products.
- Shifts in market demand driven by technological advancements in lock mechanisms.
- Economic factors influencing manufacturing costs and import prices.