Forecast: Import of Marine Propulsion Spark-Ignition Engines to China

In 2023, China's import of marine propulsion spark-ignition engines was recorded at 191.86 s. The forecast for 2024 indicates a decline to 180.44 s, marking a year-on-year decrease of 5.95%. This declining trend is expected to continue, with further reductions in value projected until 2028, culminating in a value of 136.98 s, representing an overall CAGR of approximately -6.57% over the five-year period. Such a downward trend suggests a consistent decline in imports, likely indicative of changes in domestic demand, shifts to alternative propulsion technologies, or increased domestic production capabilities.

Future trends to watch for in this sector include:

  • Technological advancements in marine engine efficiency and sustainability, potentially driving shifts in import needs.
  • Policy changes impacting marine fuel standards, which could influence import patterns.
  • Domestic marine engine production developments that might reduce dependency on imports.

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