In 2023, the import of aircraft propellers, rotors, and their parts into China stood at 11.2 thousand kilograms. Forecasts for the years 2024 to 2028 indicate a significant downward trend. By 2024, imports are projected to drop to 9.16 thousand kilograms, a 18.21% decrease from 2023. The trend continues with imports expected to fall by 20.31% in 2025 to 7.3 thousand kilograms, 25.34% in 2026 to 5.48 thousand kilograms, 32.66% in 2027 to 3.69 thousand kilograms, and 47.43% in 2028 to 1.94 thousand kilograms. The compound annual growth rate (CAGR) for the five-year period is forecasted to be -26.89%.
Future trends to watch for include:
- Technological advancements in domestic production capabilities may reduce import dependency.
- Potential changes in global trade policies and tariffs affecting the aviation sector.
- Fluctuations in global demand for aircraft parts as influenced by economic conditions and air travel trends.