The forecast for the import of cruise ships, excursion boats, and ferry boats to China from 2024 to 2028 shows a gradual decline. The value expected in 2024 is 9.03, decreasing consistently to reach 5.38 by 2028. This indicates a shrinking market at an annual rate observable through these forecasted figures.
The projected average annual decrease or CAGR over this five-year period is notable, underscoring a trend away from this type of import growth. Between 2023 and 2024, any figures, while not specifically provided, likely set the stage for this downward trend.
Future trends to watch include the impact of China's domestic shipbuilding capabilities expanding, potential changes in maritime tourism policies, and shifts in consumer preferences towards domestic travel options within China, potentially dampening demand further for imported vessels.
