In 2023, China's import of steam and vapour turbines, except those for marine propulsion, was valued at 38.349 million USD. The forecasted data from 2024 to 2028 indicates a steady decline from 33.595 million USD to 15.142 million USD. The year-on-year variation shows a consistent decrease in imports over this period. Specifically, there is a decrease of approximately 13.6% in 2025, 16.2% in 2026, 18.8% in 2027, and 22.8% in 2028. The compound annual growth rate (CAGR) over these five years is negative, indicating an average annual decrease in import value.

Future trends to watch for:

Potential changes in China's energy policy affecting demand for turbines.
Technological advancements that could impact domestic production and reduce reliance on imports.
Geopolitical factors and trade relations that might influence import trends.