The forecast for China's import of non-domestic, non-electric heat exchange units suggests a declining trend from a value of 19.794 million kilograms in 2024 to 16.376 million kilograms by 2028. The volume stood at 20.5 million kilograms in 2023, showing a consistent year-on-year decrease. Specifically, from 2024 to 2025, a decrease of 4.44% is observed, followed by a 4.56% decline from 2025 to 2026. This negative trend continues with a 4.69% drop in 2027 and another 4.82% by 2028. The compound annual growth rate (CAGR) for these five years is approximately -4.35%.
Future trends to watch for include:
- Global shifts towards energy efficiency might impact importing patterns.
- The domestic manufacturing capabilities of China might further reduce import needs.
- Potential changes in trade policies and economic environments could also influence future imports.