The forecasted import volumes of parts for domestic non-electric thermic appliances to the US show a steady increase from 2024 to 2028, moving from 73.08 million kilograms in 2024 to 78.083 million kilograms by 2028. In 2023, the actual import volume stood at 71 million kilograms. The year-on-year percentage variations demonstrate a consistent growth trajectory, with each subsequent year showing a modest increase of around 1.7% on average. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.66%, reflecting stable demand and potential market expansion in the US.
Future trends to watch for include:
- Potential shifts in consumer preferences towards more energy-efficient and environmentally friendly appliances, impacting component demand.
- Trade policies and tariffs that might affect import dynamics.
- Technological advancements producing components that enhance appliance functionality.
