The forecast for imports of turntables without record changers to China from 2024 to 2028 shows a declining trend in thousands of units. In 2023, imports stood at approximately 8.50 thousand units. Year-on-year analysis reveals a decrease of 14.6% in 2025, 16.8% in 2026, 19.7% in 2027, and 24.2% in 2028. This reflects a compound annual growth rate (CAGR) of -14.5% over these years, indicating a consistent downward trajectory.
Future trends to watch:
- Shifts towards digital music consumption and technological advancements could further reduce demand.
- Potential policy changes affecting imports or specific trade agreements.
- Economic factors influencing consumer spending and preferences in China.