In 2023, the re-import of baths of iron or steel, except cast iron, to China stood at a baseline level. From 2024 to 2028, forecasts indicate a steady increase in volume, with kilograms rising from 615.6 to 722.2. This reflects a positive trend with a steady year-on-year growth rate, highlighting China's growing focus on returning such goods from abroad. The compounded annual growth rate (CAGR) over this period suggests an average yearly increase of approximately 4%.
Future trends to watch:
- Shifts in global trade policies impacting imports.
- Changes in Chinese domestic production capabilities.
- Evolving consumer preferences influencing demand for imported materials.
