In 2023, the import value of wind musical instruments to China was estimated to be lower than the forecasted values starting from 2024. The forecast data shows a steady year-on-year increase in import value from $28.765 million in 2024 to $33.285 million in 2028. This represents an average annual growth rate, as expressed by the Compound Annual Growth Rate (CAGR), indicating a consistent upward trend.
Future trends to watch for include:
- Increasing domestic interest in cultural enrichment encouraging higher imports.
- The potential impact of global supply chain dynamics on import volumes.
- The potential influence of trade policies and bilateral agreements affecting market access.