In 2023, the import volume of automatic food-vendors with heating or refrigeration to China stood at 445.01 thousand kilograms. Year-on-year, this represented a 3.84% increase compared to 2022. Over the past two years, the growth rates were 2.04% in 2022 and 12.04% in 2021. From a longer-term perspective, the compound annual growth rate (CAGR) over the last five years was approximately 3.46%.
Future trends to watch for include a forecasted 5-year CAGR of 2.77% from 2024 to 2028, resulting in an overall growth rate of 14.64% by 2028. Key factors influencing these trends include technological advancements, increasing consumer demand for convenience, and potential regulatory changes impacting imports.
