China's metal consumption has fluctuated between 2013 and 2023, experiencing both growth and decline. The highest year-on-year variation was a decrease of 10.71% in 2018, while a modest positive trend was seen in the most recent years. In 2023, the domestic material consumption stood at 11.15 units. The five-year CAGR leading up to 2023 was 0.57%, indicating slight growth. Forecasts predict continued sluggish growth at 0.14% per year from 2024 to 2028, with an overall increase of 0.72% over the same period.
Future trends to watch for include:
- Shifts in industrial activity and infrastructure projects in China
- Technological advancements and their impact on metal efficiency
- Policy changes related to sustainability and emissions
- Global market fluctuations affecting China's import and export dynamics
