The import of locks used for motor vehicles of base metal to China in 2024 is forecasted at 9.4277 million kilograms, representing an increase from previous years. This upward trend is consistent, with imports expected to reach 9.9352 million kilograms by 2028. The projected year-on-year growth indicates a stable increase in import demand, reflecting the robust automotive industry and the continuous need for lock components. From 2023 to 2028, the compound annual growth rate (CAGR) highlights a steady upward trajectory in import volume.
Future trends to watch for include advancements in smart lock technology requiring base metal imports, potential trade policy changes affecting import regulations, and the evolving dynamics of China's automotive production capacities and consumer preferences, which may further drive import needs.
