In 2023, the re-import of statuettes and other ornaments, unplated of base metal to China, stood at an actual volume of 58.50 thousand kilograms. Beginning in 2024, the forecasted data reflects a consistent decline in volume, with a predicted 2028 figure of 42.08 thousand kilograms. This forecasted decrease illustrates an average annual contraction of the market by approximately 6.1% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Consumer preference shifts towards alternative decorative materials might affect import volumes further.
- Economic policies and trade agreements that impact metal costs and supply chain dynamics.
- Technological advancements in manufacturing processes that could alter demand for base metal ornaments.