The import of automobiles with engines of 1000-1500 CC to China is projected to grow steadily from 2024 to 2028. The forecasted values indicate a moderate annual increase, with imports rising from 91.92 thousand units in 2024 to 105.53 thousand units by 2028. This represents an approximate compound annual growth rate (CAGR) of 3.48% over the five-year period. The consistent year-on-year growth reflects a stable demand for this vehicle category in China.
Future trends to watch for include:
- Shifts in consumer preferences towards more fuel-efficient or hybrid vehicles which might impact import volumes.
- Economic factors such as tariffs or trade agreements that could alter import dynamics.
- The evolution of local manufacturing capabilities and how they affect the reliance on imports.