The import of automatic goods-vending machines (non-food) to China has experienced significant fluctuations over the past decade. It peaked in 2014 with a year-on-year growth of 3.33% but saw significant declines in subsequent years, notably in 2017 with a massive drop of 58.22%. The market showed a recovery in 2018 with a notable increase of 174.19% but has generally trended downwards since. In 2023, the value stood at 0.76104 million US dollars, reflecting a minor decrease of 0.73% from the previous year. The last five years show an average annual decline (CAGR) of -0.6%.
Future trends to watch for include:
- Technological advancements in vending machine technology could drive future imports.
- Economic policies and trade agreements impacting import tariffs and restrictions.
- Changes in consumer behavior towards automated retail solutions.
- New market entrants or increased domestic production reducing import demand.