In 2023, the import of inflatable rafts to China was valued at approximately 13.3 million US dollars. The forecast from 2024 to 2028 shows a steady year-on-year increase in imports, with annual growth rates approximately ranging between 2.7% and 2.9%. Over this five-year period, the compound annual growth rate (CAGR) is anticipated to be about 2.54%, indicating consistent demand within the Chinese market for inflatable rafts.
Looking ahead, key trends to watch for include:
- The impact of sustainability trends on product materials and manufacturing processes.
- Potential shifts in consumer preferences toward local alternatives amidst rising global trade tensions.
- Technological advancements improving the durability and safety of inflatable rafts, potentially driving demand.