In 2023, China re-imported transformers electric having a power handling capacity less than 1 kVA, valued at 464 million USD. From 2024, forecasts indicate a steady growth in re-import values, reaching 479.81 million USD by 2028. The year-on-year growth shows a slight but consistent increase of approximately 0.73% to 0.75% annually from 2024 to 2028. The compound annual growth rate (CAGR) projected over these five years is approximately 0.71%.
Future trends to watch for include:
- Technological advancements in transformer efficiency that could impact demand.
- China's domestic production capabilities potentially affecting re-import needs.
- Global trade policies and bilateral agreements that may influence import patterns.
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