In 2023, the re-import of woven products of iron or steel (excluding stainless steel) to China recorded $8.88 thousand USD. From 2024 to 2028, the forecasted values consistently decline, showing an annual decrease: 2024 ($7.74K, -12.8%), 2025 ($6.65K, -14.1%), 2026 ($5.57K, -16.2%), 2027 ($4.52K, -18.9%), and 2028 ($3.49K, -22.8%). The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is -15.2%, indicating a steady downward trend in the re-import of these products.
Future trends to watch for:
- Shifts in global steel trade policies that might influence import patterns.
- Innovations in steel production technologies potentially affecting market dynamics.
- Changes in demand for these products in domestic markets due to evolving industrial needs.