The re-import of cored wire of base metal for electric arc-welding to China shows a consistent decreasing trend from 2024 with 23.05 thousand kilograms to 18.71 thousand kilograms forecasted by 2028. This decline represents an annual average decrease of 4.94% year-on-year, indicating a continued reduction in re-import volume over the short term. With a compounded annual growth rate (CAGR) calculated over a five-year period, the sector is expected to witness an average decrease in volume of approximately 4.94% post-2023, which highlights a decreasing demand or increased local production efficiency.
Future trends to watch for:
- Technological advancements in electric arc-welding which may impact demand.
- Potential shifts in domestic manufacturing policies influencing import volumes.
- Environmental regulations impacting the materials used in welding processes.
