In 2023, China’s import of flywheels and pulleys, including pulley blocks, stood at approximately 13.65 million kilograms. The forecast data indicates a steady growth in volume from 2024 to 2028, with values projected to increase from 13.904 million kilograms to 14.88 million kilograms. The year-on-year growth rates are approximately 1.8% for 2025, 1.7% for 2026, and around 1.7% for both 2027 and 2028. The compounded annual growth rate (CAGR) from 2024 to 2028 is thus projected at a stable rate of 1.75%.
Future trends to watch for include:
- Potential impacts of China's industrial policies on import volumes.
- Technological advancements influencing demand for more efficient pulleys and flywheel systems.
- Market changes in major supply countries that could affect availability and pricing.
