In 2023, the import volume of mufflers and exhaust pipes for motor vehicles to China stood at a stable level, just slightly lower than the forecasted 2024 value of 11.968 million kilograms. Forecast data from 2024 to 2028 shows a gradual decline in import volumes, from 11.968 in 2024 to 11.563 million kilograms in 2028. The year-on-year variation indicates a consistently small percentage decrease each year, showcasing a trend of a declining import demand in this segment. The compound annual growth rate (CAGR) over the five-year forecasted period reflects a modest negative trend.
Future trends to watch for include potential influences of domestic production capacity improvements and environmental regulations altering vehicle component imports. Additionally, shifts towards electric vehicles may further impact the demand for traditional exhaust systems imports.
