In 2023, the re-import of electrical boards and panels not equipped with their apparatus to China was recorded as the base year, with a consistent upward forecast noted in the subsequent years. From 2024 to 2028, a steady increase is projected: 2025 shows a year-on-year growth of 3.86%, while subsequent years reflect growth rates of similar magnitudes. The average compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.56% per year.
Future trends to watch for include:
- Technological advancements impacting production efficiency.
- Changes in global trade policies affecting import-export dynamics.
- Potential economic shifts in China influencing demand.
