In 2023, the re-import of hay mowers and cutter bars for tractor mounting to China stood at 42.5 thousand kilograms. Forecasts suggest a steady growth from 2024 to 2028, with year-on-year increases in volume ranging from 3.8% to 3.41%. This consistent upward trend highlights an average annual growth rate (CAGR) of about 3.5% over five years, indicating a stable increase in demand.
Future trends to watch include:
- Potential impacts of technological advancements in agricultural machinery.
- Policy changes affecting agricultural imports and exports in China.
- Fluctuations in domestic agriculture production affecting demand for imported machinery parts.