Analysis of the import of presses for the manufacture of particle or fibre board to China reveals a downward trend from 2024 to 2028. Starting at 1.265 million kilograms in 2024, imports are projected to decline by year-on-year percentages of approximately -5.3% in 2025, -5.5% in 2026, -5.7% in 2027, and -5.9% by 2028, bringing the value to 1.005 million kilograms. The compound annual growth rate (CAGR) over this period is an average decrease of about -5.6% annually. In 2023, the import value stood higher than these forecasted figures, indicating a steady decline in demand or supply constraints.
Future trends to watch for:
- Potential changes in trade policies or international relations affecting imports.
- Technological advancements that might enhance domestic production capabilities.
- Shifts in China’s industrial priorities or sustainability initiatives influencing material choices.
- Economic factors influencing construction and manufacturing sectors' growth.