The re-import of rivets made from base metal for use in textiles, footwear, and bags in China is forecasted to decrease steadily from 2024 to 2028, with amounts dropping from 124.99 thousand kilograms in 2024 to 121.37 thousand kilograms in 2028. This reflects a continuous negative year-on-year growth rate, representing a slight annual decline. Compared to 2023, when the volumes stood marginally higher, a careful downward adjustment is noticeable. This projected CAGR over the next five years indicates a minor but consistent decrease in demand or shift towards alternative materials and suppliers within the industry.
Future trends to watch include potential shifts in global supply chains and trade policies impacting metal imports, advancements in alternative fastening technologies reducing reliance on traditional metal rivets, and China's industrial automation advancements which may influence manufacturing choices. Monitoring customer preferences for sustainable materials may also impact future demand.
