As of 2023, the import of parts and accessories of office machines to China stood at an estimated 161.22 million USD. Forecasted data indicates a declining trend from 2024 to 2028, with values projected to decrease annually from 161.22 million USD to 82.199 million USD. Year-on-year analysis shows a pressing decrease in imports by approximately 12.64% for 2025, 14.17% for 2026, 16.18% for 2027, and 18.88% for 2028. The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 stands at approximately -13.16%.
Future trends to watch:
- Technological advancements reducing the need for imported parts.
- Potential shifts in global trade policies impacting import dynamics.
- Increasing domestic production capabilities reducing reliance on imports.
- Emerging sustainable practices potentially influencing material imports.