In 2023, China's import of binoculars was at 63.84 thousand in terms of value. Looking at the forecast from 2024 to 2028, there is a steady decline in the import values from 62.9 to 59.19 thousand. The year-on-year percentage variation reflects a decline, with the five-year compound annual growth rate (CAGR) highlighting a negative trend. The consistent decrease suggests a reducing demand or shifts in market dynamics over this forecast period.
Future trends to watch for include:
- Technological advancements potentially reducing the need for imports as domestic production modernizes.
- Changes in consumer preferences or leisure activities impacting demand.
- Geopolitical factors or trade policies that could affect import dynamics.