In 2024, the forecasted import of diesel-powered trucks weighing more than 20 tonnes to China is 30.171 million kilograms, marking a decrease from actual figures from 2023. The projected imports continue to decline steadily each year to 2028, with values anticipated to reach 21.904 million kilograms. The year-on-year decrease from 2024 to 2025 is 7.07%, from 2025 to 2026 it's 7.45%, from 2026 to 2027 it's 7.88%, and 8.38% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately -7.76%.
Future trends to watch for:
- Increasing domestic production capability in China could further limit import needs.
- Growth in alternative fuel vehicles may reshape import demand entirely.
- Government policies and economic factors could foster changes in import patterns.