The import of not self-propelled snow-ploughs and snow-blowers to China is experiencing a declining trend from 2024 to 2028. Starting with a value of 1.08 thousand units in 2024, the import forecast decreases to 0.98919 thousand units by 2028. Compared to 2023, this indicates a consistent downward slope, with a year-on-year percentage reduction as follows: 2024 (0%), 2025 (-1.85%), 2026 (-2.83%), 2027 (-1.94%), and 2028 (-2.07%). The Compound Annual Growth Rate (CAGR) over the forecasted period suggests an averagely decreasing import trend.
Future trends to watch for include:
- Technological advancements in snow removal equipment within China may further decrease the necessity for imports.
- Government policies affecting import duties and environmental regulations could impact future import volumes.
- Climate change could alter snow removal needs, potentially influencing import demands.