The forecasted data shows that claims and payments of export credit insurance by property insurance companies in China are expected to grow steadily from 2024 to 2028, with values rising from 149.66 to 170.81 hundred million yuan Renminbi. Assuming the 2023 figures were lower than 149.66, this indicates consistent growth. With a compound annual growth rate (CAGR), this period reflects a moderate increase. Companies should anticipate this growth, likely driven by expanding international trade.
Future trends to watch for:
- The impact of China's economic policy changes on trade volume.
- Variation in global demand affecting export volumes.
- Regulatory shifts in the insurance industry.
