The import of parts of power engines to China is showing a consistent upward trend from 2024 to 2028. In 2023, the volume stood at 20.564 million kilograms. From 2024, the forecasted values indicate a modest but steady increase each year. Specifically, there is a year-on-year growth of approximately 2.4% from 2024 to 2025, 2.3% from 2025 to 2026, 2.2% from 2026 to 2027, and 2.1% from 2027 to 2028. Over the five-year period from 2024 to 2028, the Compounded Annual Growth Rate (CAGR) is about 2.25%.
Future trends to watch for include:
- Potential impacts of trade policies and international relations on import volumes.
- Advances in domestic production capabilities which may reduce dependency on imports.
- Developments in global supply chains, especially in terms of cost and availability of power engine parts.
- Technological innovations that could influence the demand for certain types of power engine parts.
