The import of automatic goods vending machines to China has shown considerable fluctuations over the past decade. Starting at $39.993 million in 2013, the market has experienced significant year-on-year variabilities, notably a surge of 27.1% in 2017 and a drop of 20.25% in 2018. As of 2023, imports stood at $63.089 million, marking a 3.5% increase from the previous year. Over the last five years, the compound annual growth rate (CAGR) has been 5.44%.
Looking forward, the forecasted CAGR from 2024 to 2028 is expected to decline to 2.29%, indicating a slower but steady growth trajectory for the import market. The projected increase over this period amounts to 11.98%.
- Monitor technological advancements in vending machine capabilities.
- Watch for changes in consumer behavior and preferences.
- Consider regulatory policies and trade relations affecting imports.