In 2023, the import value of flat rolled iron or non-alloy steel, clad, of a width of less than 600 mm to China is not specified, but the forecast from 2024 onwards reveals a consistent year-on-year growth in import value. From 2024 to 2028, the predicted import values rise from $56.05 million to $59.408 million, indicating a trend of steady increase.
Year-on-year growth rates suggest a gradual increase, with the most significant jumps occurring in the early years. The Compound Annual Growth Rate (CAGR) over this five-year period showcases a moderate annual growth trajectory for this import category.
Future trends to watch include:
- Potential changes in global steel demand and supply that could affect import volumes and prices.
- China's domestic production capacities and consumption levels, influencing import dependency.
- Trade policies and tariffs impacting import costs and strategic sourcing shifts.
