The forecast for China's import of stranded wire, cables, and plaited bands of copper not electrically insulated shows a steady increase from 2024 to 2028. In 2023, imports stood at approximately 18.947 million kilograms. The year-on-year growth from 2024 to 2025 is 2.87%, from 2025 to 2026 is 2.73%, from 2026 to 2027 is 2.60%, and from 2027 to 2028 is 2.49%. The compound annual growth rate (CAGR) over five years (2024 to 2028) averages 2.67%.
Future trends to watch for include:
- Increasing demand for copper due to China’s technological advancements and infrastructure development.
- Possible impacts of global economic conditions and trade policies on import volumes and trends.
- Innovations in copper products and competition from alternative materials influencing market dynamics.