The import of machines for public works and building to China is projected to decline steadily from 2024 to 2028. In 2023, the recorded imports stood at 2.46 thousand units. Forecasts for the period indicate a % decrease each year: approximately 1.65% in 2025, 1.26% in 2026, 1.69% in 2027, and 1.29% in 2028. The compound annual growth rate (CAGR) over five years is a negative figure, illustrating a consistent downturn in imports over this timeframe.
Future trends to watch for include:
- The impact of domestic production capabilities on reducing the need for imports.
- Potential shifts in government policy regarding infrastructure development that may influence import demands.
- Technological advancements that could alter machine specifications and compatibility, affecting import volumes.