In 2023, the re-import of stainless steel not further worked than hot rolled, drawn, or extruded to China amounted to 158.5 thousand kilograms. The forecasted data indicates a consistent upward trend, with volumes projected to increase each year from 2024 through 2028. The year-on-year percentage change highlights growth: 2025 shows a 4.05% increase from 2024, 2026 sees a 3.81% rise from 2025, and a 3.60% growth is anticipated from 2026 to 2027, while 2028 forecasts a 3.40% increase from the previous year. Over the forecast period, the compound annual growth rate (CAGR) averages out to approximately 3.89%.
Future trends to watch for in this market include potential influences from global steel demand shifts and China's domestic production capacities. Trade policies and economic factors could impact re-import volumes. Monitoring technological advancements in manufacturing and recycling practices may also offer insights into future changes in re-import levels.
