In 2023, the re-import of compression refrigeration equipment with heat exchange to China stood at approximately 13.75 thousand kilograms, indicating a declining trend over the forecast period. Year-on-year, from 2024 to 2028, the values decrease steadily from 12.88 to 9.47 thousand kilograms. The compound annual growth rate (CAGR) calculated over these five years projects an average annual decline of approximately 6.2%. This declining trend suggests cooling equipment demand is diminishing, possibly influenced by increased local production or changing regulatory and market conditions.
Future trends to watch:
- China's commitment to environmental initiatives may further reduce demand for re-imported units.
- Technological advancements could shift focus towards more efficient, locally manufactured alternatives.
- Changes in trade policies may impact re-import activity and alter forecasted trends.