In 2023, the re-import of parts for electric motors and generators to China was valued at approximately $44 million. Forecasts from 2024 to 2028 indicate a consistent decline, starting at $39.587 million in 2024 and reducing to $20.383 million by 2028. Year-on-year, the value is projected to decrease by 12.5% in 2025, 14.1% in 2026, 15.9% in 2027, and 18.5% in 2028. The compound annual growth rate (CAGR) over this five-year forecast period is approximately -11.8%.
Key future trends to watch for include:
- Technological advancements in electric motor and generator parts, potentially reducing reliance on imports.
- China’s focus on domestic production capabilities may further impact import levels.
- Global economic conditions and trade policies which could affect re-imports.
- Environmental policies promoting electric vehicles, influencing demand for related components.
