In 2023, the import of parts of electrical resistors and rheostats to China stood at 2.8 million kilograms. Forecasts suggest a decreasing trend, with annual imports expected to reduce by over 27% by 2028. The year-on-year decline from 2024 is approximately 7% on average. The Compound Annual Growth Rate (CAGR) indicates a consistent shrinkage forecast of about 7% per year from 2024 to 2028.
Future trends to watch for include:
- Technological advancements driving changes in demand for traditional resistors and rheostats.
- Shifts towards alternative energy sources potentially impacting the electric components market.
- Trade policies and international relations affecting import volumes.
- Increased local manufacturing capabilities reducing reliance on imports.