In 2023, China's import of pneumatic tyre moulding and retreading machinery stood at a specific volume. The projected data indicates a gradual decline in imports from 2024 to 2028; the volume is expected to decrease from 1.5129 million kilograms in 2024 to 1.3023 million kilograms in 2028. This represents an annual decrease in volume of approximately 3.5% per year. Over the five-year period, the compound annual growth rate (CAGR) is negative, reflecting a slow yet consistent decline in imports.
Future trends to watch for:
- Technological advancements may influence local production capabilities, reducing reliance on imports.
- Fluctuations in global trade policies could impact import volumes.
- Increasing demand for sustainable and eco-friendly solutions may affect the machinery market dynamics.
