The import of bells and gongs of base metal to China is projected to steadily grow from 2024 to 2028, with volumes increasing from 118.38 thousand kilograms in 2024 to 124.9 thousand kilograms in 2028. Comparing 2023 data, where the volume stood at 116.7 thousand kilograms, the year-on-year growth from 2023 to 2024 indicates a positive trend. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is forecasted to be modest, reflecting a stable increase in demand.
Future trends to watch include:
- Potential impacts of shifts in Chinese manufacturing policies and import regulations.
- The influence of global metal prices on import volumes.
- Evolving consumer preferences towards traditional or decorative uses of bells and gongs, which could spur import variations.
- Trade relations between exporting countries and China which may affect supply chains.
