The forecast for re-imports of shovels and excavators with revolving superstructure to China shows a consistent decline from 2024 to 2028. Starting at 1.979 million USD in 2024, the value decreases gradually each year to reach 1.8966 million USD by 2028. This represents a decrease in the year-on-year percentage, suggesting a steady downtrend. Without specific data for 2023, it is difficult to pinpoint the exact rate of decline compared to this baseline year. However, the compound annual growth rate (CAGR) over the five-year forecast period is negative, indicating a downward trend.
Future trends to watch for include potential changes in China's domestic production capabilities, shifts in global trade policies, and technological advancements in the construction equipment industry. Additionally, fluctuations in demand for infrastructure development in China may also influence re-import levels.
