The import of mixing and kneading machines for minerals, except bitumen, to China is expected to decrease over the coming years. The data forecast from 2024 indicates a steady decline from 1.659 million kilograms to 0.89338 million kilograms by 2028. This downward trend suggests a diminishing need for imports, possibly due to increasing domestic production capabilities or shifting industrial strategies.
From 2023 to 2024, the figures indicate a stable level of imports, but from 2024 onwards, a consistent reduction is forecasted. Year-on-year declines of 11.91%, 13.23%, and 17.24% are anticipated from 2024 through 2027. The compound annual growth rate (CAGR) over these years is projected to be approximately -14.15%, indicating a substantial annual contraction in import volume.
Future trends to watch for include:
- Advancements in domestic technology reducing reliance on imports.
- Policy changes affecting import and export dynamics.
- Fluctuations in global market conditions influencing mineral processing needs.
