In 2023, the import value of iron or steel stranded wire and related products stood at 1.0875 billion US dollars. Between 2024 and 2028, forecasts show a consistent year-on-year growth, starting at 1.1039 billion in 2024 and reaching 1.1693 billion in 2028. This shows an annual increase of around 1.5% to 1.6%.

Future trends to watch for:

Potential impacts of trade agreements or tariffs on import levels.
Technological advancements influencing domestic production and reducing import dependency.
Economic factors such as infrastructure investments or slowdowns affecting demand.