In 2023, the volume of re-imported brake system parts (except linings) to China was observed to be slightly higher compared to forecasted values for the 2024-2028 period. Starting in 2024, projections indicate a consistent decrease in volume year-on-year, declining from 357.43 thousand kilograms to 352.69 thousand kilograms by 2028. The Compound Annual Growth Rate (CAGR) over this period is negative, signaling a modest but steady reduction in re-imports.
Future trends to watch for include potential changes in global and domestic automobile industry policies, advancements in brake part technologies, and shifts in local manufacturing capabilities. These factors could significantly influence re-import volumes and should be monitored closely for strategic planning.
