In 2024, re-imports of intake air filters for internal combustion engines to China are forecasted to start at 62.38 thousand kilograms. By 2028, this volume is expected to reach 71.42 thousand kilograms, marking a steady annual growth. In 2023, the volume was slightly lower, indicating a positive trend in re-imports with a compound annual growth rate (CAGR) over the next five years. The year-on-year forecast reveals consistent growth, promising potential market expansion.
Future trends to watch for:
- Technological advancements in engine efficiency potentially increasing demand for specialized filters.
- Environmental regulations driving the need for cleaner engines, encouraging higher filter imports.
- Emergence of electric vehicles possibly affecting internal combustion engine component demand.