In 2023, the re-import of electric conductors fitted with connectors for a voltage not exceeding 80 volts to China stood significantly higher than the forecasted figures for the upcoming years. According to the provided data, from 2024 to 2028, there is a notable declining trend, with values reducing yearly by approximately 0.31 to 0.34 million kilograms, indicating a gradual decrease in volume.
- From 2024 to 2025, the forecasted decrease is about -0.99%, suggesting a modest reduction.
- 2025 to 2026 continues this trend with a -0.98% decrease.
- The pattern persists through 2026 to 2027 with a -0.96% change and -0.95% from 2027 to 2028.
- Overall, from 2024 to 2028, the compound annual growth rate (CAGR) is approximately -0.97%, indicating a consistent but gradual decline in re-imported volume.
Future trends to watch for include the potential impact of advancements in domestic production capabilities, which could further reduce the need for re-imports. Additionally, shifts in global supply chain dynamics or new trade policies may influence these trends. Keeping an eye on technological improvements in conductor materials could also alter demand patterns over this period.
