The import of marine propulsion spark-ignition engines to China shows a declining trend from 2024 to 2028, based on the forecasted data. In 2023, the import value was higher and set a baseline before the noted decrease.
- From 2024 to 2025, the forecast indicates a reduction of approximately 10.38% year-on-year.
- Between 2025 and 2026, the trend continues with a decrease of about 11.32% year-on-year.
- The downward trend extends with reductions of roughly 12.56% and 14% in 2027 and 2028, respectively.
- The compound annual growth rate (CAGR) over this 5-year period highlights a negative average yearly variation, emphasizing a consistent decline.
Future trends to watch for include technological advancements in marine propulsion systems and potential shifts in China's domestic production capabilities, which may influence import levels. Monitoring changes in marine traffic regulations and environmental policies could also impact future demand for these engines.
