The import of glow plugs and other ignition or starting equipment to China is expected to decline over the forecast period from 2024 to 2028. Starting at 208.23 thousand kilograms in 2024, the imports decrease steadily each year, reaching 196.19 thousand kilograms in 2028. Year-on-year, the percentage variation shows a consistent downturn. For instance, from 2024 to 2025, there's approximately a 1.49% decrease, followed by approximately 1.48% in subsequent years, indicating a stable decline. Over the last two years, the decline remains consistent, with a compound annual growth rate (CAGR) of roughly -1.48% from 2024 to 2028.
Future trends to watch include technological advancements in ignition systems potentially reducing demand for imports. Additionally, shifts in China's automotive policies toward electric vehicles could further impact the import volumes of traditional ignition equipment, while trade policies and partnerships may also shape future import statuses.
