In 2023, the import of flat rolled iron or non-alloy steel plated or coated with plastics of a width of less than 600 mm to China stood at approximately 21 million kilograms. From 2024 to 2028, this import volume is projected to decline steadily, with a forecasted decrease from 20.396 million kilograms in 2024 to 17.431 million kilograms in 2028. This represents a consistent negative trend, primarily driven by an annual decrease in volume. The projected compound annual growth rate (CAGR) from 2024 to 2028 is negative, indicating a gradual reduction in imports over these years.
Future trends to watch for include:
- Potential changes in domestic production capabilities that could impact import needs.
- Market demand fluctuations or new trade policies affecting steel imports.
- Technological advancements or environmental regulations influencing material usage and import patterns.