In 2023, the import value of prepared binders for foundry moulds or cores to China was observed at approximately 7.26 million USD. From 2024 onwards, the forecast indicates a steady growth in imports, with a year-on-year increase of around 2% to 2.2% annually, reaching 7.9736 million USD by 2028. This growth trend suggests a consistent demand for these products within the industry, likely driven by ongoing industrial activity and casting production demands.
Future trends to watch for:
- Possible changes in industrial policies impacting import tariffs could influence future costs.
- Technological advancements within the foundry industry may affect the types and volumes of binders imported.
- Global economic conditions, particularly trade relations and supply chain dynamics, might impact the import levels significantly.
