In 2023, China imported 11 million kilograms of motor vehicle mountings and fittings of base metal. Forecasts from 2024 to 2028 indicate a steady, albeit gradual, upward trend in import volumes, with values increasing annually from 11.43 to 13.156 million kilograms. The year-on-year growth rates for 2024 and 2025 are 4% and 3.9%, respectively, signaling consistent growth. The 5-year compound annual growth rate (CAGR) is approximately 3.61%, reflecting a modest yet positive escalation in import demand.
Future trends to watch include potential shifts in global trade policies, advancements in base metal technology, and growth in China's automotive sector, which could further influence import dynamics.
