The forecasted import of self-tapping screws of iron or steel to China shows a steady increase from 8.9265 million kilograms in 2024 to 9.414 million kilograms in 2028. In 2023, the import stood at approximately 8.8 million kilograms. The year-on-year growth rates are modest, with incremental increases each year. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is indicative of consistent demand in the Chinese market.
Future trends to watch for include:
- Potential shifts in demand due to changes in China's construction and manufacturing sectors.
- Impacts of international trade policies on import volumes.
- Technological advancements that could affect screw production and sourcing.
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