In 2023, the import value of pulley tackle and hoists other than skip hoists or hoists of a kind used for raising vehicles to China stood at approximately 16.5 million US Dollars. The forecast for 2024 suggests a slight decrease to 16.04 million USD, with a continuous annual decline across subsequent years reaching 15.575 million USD by 2028.
Year-on-year variation highlights a decrease of approximately 0.75% from 2024 to 2025, while declining marginally less, about 0.7%, from 2025 to 2026. For the period 2026 to 2027, the variation is minor at roughly -0.73%, and the trend continues from 2027 to 2028 with a decrease of approximately 0.7%. The compound annual growth rate (CAGR) over these forecast years illustrates a negative growth trajectory, averaging a decrease of close to 0.7% annually.
Future trends to watch for include changes in industrial demand due to automation advancements, trade policy shifts, and global supply chain dynamics, which could impact import volumes and values of pulley tackle and hoists in China.
