The import of machinery for liquefying air or other gases to China is forecasted to continuously increase from 2024 to 2028, with values rising from 21.64 thousand in 2024 to 25.14 thousand in 2028. In 2023, the value stood at 20.82 thousand. The year-on-year growth shows a steady increase: 4.2% in 2025, 3.9% in 2026, 3.7% in 2027, and 3.5% in 2028. Over the last five years, the compounded annual growth rate (CAGR) is projected at approximately 3.8%.

Future trends to watch for include:

Technological advancements driving efficiency in machinery, potentially affecting import quantities.
Changes in China's industrial policy impacting demand for such machinery.
Global economic conditions that could influence China's import capacity and strategy.