The import of aircraft under-carriages and parts thereof to China has shown significant growth from 2013, starting at 238.35 million USD and reaching 521.74 million USD by 2023. The year-on-year variation highlights fluctuations, including a notable decrease in 2017 (-11.87%) and a relatively stable growth in recent years (around 4% for 2022 and 2023). The compound annual growth rate (CAGR) over the last five years has been moderate at 4.2%.
Looking forward to the forecasted period from 2024 to 2028, a more restrained growth with a forecasted 5-year CAGR of 2.55% is expected, suggesting a total increase of around 13.41%. Hence, the import value is projected to reach 613.36 million USD by 2028.
Key future trends to watch for include technological advancements in aircraft components, potential shifts in global trade policies, and China's domestic aircraft manufacturing capabilities, which could influence import demand.
