The forecast for the re-import of non-powered trucks with lifting or handling equipment to China shows a consistent downward trend from 2024 to 2028. In 2023, the actual value stood at a higher level than the projected figures, indicating a decline over the following years. Notably, the value drops by approximately 14% year-on-year on average. Over the five-year period, the compound annual growth rate (CAGR) reveals a decline of about 15% annually.
Future trends to watch for include:
- Potential policy changes affecting trade tariffs and import regulations.
- Advancements in local production capabilities which could reduce reliance on re-imports.
- Fluctuating global demand for lifting equipment in the logistics and material handling sectors.