In 2023, the import of hydraulic brake fluids and other prepared liquids for hydraulic transmission to China was valued at $92 million. Forecasts indicate a steady increase from 2024 to 2028, reaching $104.55 million at the end of this period. The year-on-year growth signifies a consistent upward trend varying between 2.81% and 3.15%. A 5-year compound annual growth rate (CAGR) indicates an approximate average annual increase of around 2.87%.
Future trends to watch include potential impacts from technological advancements in automotive and industrial sectors, policy changes for imports, and developments in domestic production capabilities that may affect the import demand dynamics in China.
