Based on the provided forecast data, the import volume of compression refrigeration equipment with heat exchange into Australia is expected to rise steadily from 2024 to 2028. The forecasted import values show a year-on-year increase as follows: 2.7717 million kg in 2024, 2.8299 million kg in 2025, 2.887 million kg in 2026, 2.9428 million kg in 2027, and 2.9976 million kg in 2028. Compared to the base year 2023, this signifies a continual growth trend.
The percentage year-on-year variation from 2024 to 2028 is expected to be:
- 2025 – 2024: 2.1%
- 2026 – 2025: 2.0%
- 2027 – 2026: 1.9%
- 2028 – 2027: 1.8%
Looking back over the last two years, there has been a consistent upward trend. When linearizing this data into a compound annual growth rate (CAGR) to summarize the five-year average variation, the market exhibits an approximately 1.95% annual growth.
Future trends to watch for include technological advancements in refrigeration equipment that could potentially increase efficiency and drive further demand. Additionally, policy changes relating to energy consumption and environmental regulations could significantly impact import volumes. Keeping an eye on these factors will be critical for anticipating market adjustments.
