Based on the provided data, the forecasted import values in thousand kilograms are as follows:
- 2024: 66.18
- 2025: 59.93
- 2026: 53.81
- 2027: 47.81
- 2028: 41.93
The year-on-year variations in import values show a consistent decline:
- 2025: -9.43%
- 2026: -10.22%
- 2027: -11.15%
- 2028: -12.29%
The Compound Annual Growth Rate (CAGR) over the last five years is approximately -10.8%, indicating an average annual decrease in import volume by this percentage.
Future Trends to Watch
Given the steady decline in imports, future trends to watch for include advancements in local manufacturing capabilities, potential shifts in supply chain strategies, and technological advancements in the aerospace sector which could alter the demand for imported parts. Monitoring policies and trade agreements that might affect import volumes will also be crucial.
