The import of non-powered trucks with lifting or handling equipment to China is set to decline from 1.44 thousand units in 2024 to 0.74001 thousand units in 2028. Assuming imports stood at a similar level to 2024 in 2023, the year-on-year reduction is steady with significant drops each year. By 2028, the imports are expected to have almost halved over the five-year period, illustrating a compound annual growth rate (CAGR) of around -15%. This consistent decline highlights shrinking demand or increased domestic production capacities possibly reducing reliance on imports.
Future trends to watch for include:
- Potential recovery or stabilization in import levels if domestic demand increases.
- The impact of technological advancements in domestic manufacturing capabilities.
- Shifts in trade policies or tariffs that may alter import volumes.
- Economic factors that might either constrain or boost investment in logistics infrastructure.