In 2023, the import value of aircraft, spacecraft, and parts thereof to China stood at 35.854 billion US dollars. The forecasted data from 2024 to 2028 indicates a steady year-on-year growth in imports: 36.961 billion in 2024, 38.129 billion in 2025, 39.273 billion in 2026, 40.394 billion in 2027, and 41.493 billion in 2028.
The year-on-year growth rates are as follows:
- 2024: 3.1%
- 2025: 3.2%
- 2026: 3.0%
- 2027: 2.9%
- 2028: 2.7%
The Compound Annual Growth Rate (CAGR) for the period of 2024 to 2028 is approximately 3.0%. This consistent growth trend highlights a stable increase in demand for aerospace imports in China.
Future trends to watch for include potential impacts of geopolitical shifts, technological advancements in aerospace, and changes in China's own aerospace production capabilities, which could influence import demands and dynamics in the coming years.
