In 2023, the turnover of retail of metal materials in China was recorded at 47.5 hundred million Yuans Renminbi. Forecasted data indicates a year-on-year decrease in this turnover from 2024 to 2028. Specifically, in 2024, the value is expected to be 46.68, representing a decline of 1.73% from 2023. The downward trend continues with -3.35% in 2025, reaching 45.11, and -2.81% in 2026, resulting in a value of 43.84. Predictions for 2027 and 2028 show further decreases of -2.28% and -1.89%, respectively, with values of 42.84 and 42.03. The average Compound Annual Growth Rate (CAGR) over this period is -2.42%.
Future trends to watch for include:
- Potential impacts of global economic shifts on metal material demand and pricing in China.
- Emerging technologies and innovations in the metal industry that could influence retail turnover.
- Policy changes or government initiatives aimed at stimulating the domestic metal market.
- Environmental regulations and sustainability trends affecting metal material production and consumption.
