In 2023, the import value of slide fasteners other than with chain scoops of base metal to China stood at an estimated level, with 2024 marking the beginning of a forecasted declining trend in import value through 2028. The data indicates a year-on-year decrease of approximately 2.8% from 2024 to 2025, followed by a consistent reduction trend of around 2.8-3% annually, leading to a compound annual growth rate (CAGR) of approximately -2.8% over the five-year period. This declining trajectory suggests a steady decrease in demand or changes in market dynamics affecting import volumes.
Future trends to watch for include potential shifts in domestic production capabilities that could reduce reliance on imports, changes in consumer fashion trends, economic policies affecting trade, and technological advancements in manufacturing fasteners that could influence the market dynamics.
