The import of automobiles with spark-ignition internal combustion reciprocating piston engines exceeding 3000 CC to China shows a slight decline from 2024 to 2028. The forecasts indicate a decrease in import volume, starting from 260.83 million kg in 2024 to 249.66 million kg by 2028. Compared to 2023, the import volume stood at around 263 million kg, indicating a persistent downward trend.
Key variations to note:
- 2024 to 2025: -1.10%
- 2025 to 2026: -1.09%
- 2026 to 2027: -1.08%
- 2027 to 2028: -1.07%
The compound annual growth rate (CAGR) over the 2024-2028 period is approximately -1.10%, reflecting a gradual reduction in import volumes.
Future trends to watch for include the impact of China's push towards electric vehicles and sustainability, which may further suppress the demand for these traditional engines. Additionally, changes in tariff policies, technological advancements, and domestic automobile production capabilities could influence future import volumes.
