The import data for gearing, ball screws, speed changers, and torque converters to China shows a steady increase in volume from 106.23 million kilograms in 2024 to 115.67 million kilograms in 2028. As of 2023, the value was approximately 104 million kilograms, indicating consistent growth. The year-on-year growth rates from 2024 onwards hover around 2.3% annually, with a projected CAGR of about 2.7% over the five-year period from 2023 to 2028.
Future trends to watch for include:
- Impact of evolving trade policies and tariffs affecting manufacturing costs and pricing.
- Technological advancements enhancing the efficiency and applications of these products.
- Growth in domestic production capabilities potentially affecting import levels.
- Shifts in demand within key industries such as automotive and industrial machinery.