By 2023, China's imports of electric fans exceeding 125 watts were 35 million kilograms. Forecasts for 2024 indicate a slight decline to 34.36 million kilograms. Analyzing year-on-year percentage changes, a gradual decrease is observed: 2025 sees a 2.17% decline, continuing annually to reach 31.47 million kilograms in 2028, reflecting a cumulative average growth rate (CAGR) of approximately -2.11% from 2024 to 2028. This indicates a consistent downward trend indicating a possible market saturation or increased domestic production.
Future trends to watch for include:
- Advancements in domestic technology that might replace imports.
- Environmental policies influencing changes in import volume.
- Shifts in consumer demand towards energy-efficient models.
