In 2024, forecasted re-imports of liquid dielectric transformers under 650 kVA to China stand at 3.45 thousand kilograms, following actual volumes in 2023. Year-on-year, the forecast indicates a gradual decline of 2.32% in 2025, 2.37% in 2026, 2.13% in 2027, and 2.48% in 2028. Over the five-year horizon from 2024 to 2028, the compound annual growth rate (CAGR) suggests an average annual decrease of approximately 2.54%.
Future trends to watch for include the impact of technological advancements in energy transformation and geopolitical factors affecting trade policies. Close monitoring of China’s energy strategy and transformer industry innovations will be crucial.
