In 2023, the re-import of transformers electric with a power handling capacity of less than 1 kVA to China was recorded at 15.500 million kilograms. From 2024 to 2028, projections indicate a slight decline in volume, with the forecast for 2028 at 15.006 million kilograms, reflecting a modest decreasing trend of approximately 0.98% CAGR over this period.
Future trends to watch for include technological advancements in transformer production, shifts in global supply chains, and changes in China's demand driven by renewable energy integration and manufacturing-scale adjustments.
- Year-on-Year decrease from 2024 to 2025: Approximately 0.8%.
- Year-on-Year decrease from 2025 to 2026: Approximately 0.78%.
- Year-on-Year decrease from 2026 to 2027: Approximately 0.78%.
- Year-on-Year decrease from 2027 to 2028: Approximately 0.77%.
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