In 2023, China's import of turbo-jet engines with thrust exceeding 25 KN stood at $3.47 billion. The forecast from 2024 to 2028 shows a steady increase, with values rising from $3.59 billion to $4.07 billion. Year-on-year growth shows consistent moderate increases, aligning with China's expanding aerospace industry and technological advancements. The compound annual growth rate (CAGR) over this period is indicative of a sustained upward trend, reflecting strategic investment in aviation capabilities.
Future trends to watch for:
- Enhancements in domestic jet engine technology, potentially reducing import dependency.
- Geopolitical factors affecting global trade dynamics in the aerospace sector.
- China's policies on expanding its military and commercial aviation infrastructure.