The forecasted imports of non-powered trucks with lifting or handling equipment to China indicate a gradual decline from 2024 to 2028, with values decreasing from $15.297 million in 2024 to $14.237 million in 2028. Compared to 2023, where the value stood at $15.5 million, the year-on-year variations highlight a continuous downward trend. Over the five-year period, this results in a compound annual growth rate (CAGR) that reflects a steady decline in import value.
Future trends to watch for include potential increases in domestic production capacity, which may further reduce imports. Additionally, technological advancements and shifts in logistical strategies could influence import demands, altering the predicted trajectory of these figures.
