In 2023, China's import volume of transmission or conveyor belts or belting of textile stood at a certain level, and the forecast data for 2024 to 2028 indicates a steady increase in import volume. By 2024, the volume is expected to reach 2.6052 million kilograms, showing a consistent yearly increase that types of belting will slightly rise annually till 2028, reaching 2.8427 million kilograms.
- Year-on-year growth between 2024 and 2025 is projected at approximately 2.35%. - Growth between 2025 and 2026 is expected to be around 2.25%. - From 2026 to 2027, an increase of roughly 2.16% is anticipated. - From 2027 to 2028, the growth rate is forecasted to slightly decrease to about 2.07%.
CAGR for the period from 2024 to 2028 is projected to be around 2.21%, indicating consistent gradual growth year on year.
Future trends to watch for include technological advancements improving belt quality and efficiency and the potential impact of trade policies on import levels, which could influence future forecasts positively or negatively.
