In 2023, the import of rotary positive displacement pumps to China stood at a value of 9.8 million. Forecasted data from 2024 to 2028 show a consistent upward trajectory. The year-on-year growth from 2024 to 2025 is 3.2%, and from 2025 to 2026 is 3.0%. From 2026 to 2027, the increase is slightly lower at 2.9%, while the growth from 2027 to 2028 maintains a steady rise at 2.8%. The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) is approximately 3.0%.
Trends to watch for:
- Technological advancements in pump efficiency that could affect import volume.
- Changing environmental regulations impacting the demand.
- Economic conditions influencing industrial growth and infrastructure development in China.
- Developments in China's domestic manufacturing capabilities potentially offsetting reliance on imports.
