In 2023, the import volume of disc harrows to China was recorded at 131.0 thousand kilograms. Forecast data indicates a consistent decline in volume from 2024 to 2028, with a projected decrease from 123.16 thousand kilograms in 2024 to 89.2 thousand kilograms in 2028. The year-on-year variation showcases a declining trend with -7.1% from 2024 to 2025 and continues with a -7.5% decrease from 2025 to 2026, further dropping by -7.9% from 2026 to 2027. The compound annual growth rate (CAGR) over the five-year forecast period is estimated at approximately -7.7%.
Looking ahead, several elements could influence this downward trend, such as technological advancements in domestic agricultural machinery manufacturing, changes in agricultural policies, shifts in market demand patterns, and economic factors. Monitoring these external drivers will be crucial for stakeholders to navigate the import dynamics effectively.
