The forecast for the import of work trucks, except those electrically powered, to China indicates a declining trend from 2024 to 2028, measured by volume in thousand kilograms. In 2023, the import volume was significantly higher, laying the foundation for comparison with subsequent forecasts. From 2024 onwards, the year-on-year reduction illustrates a persistent decrease, reflecting a negative growth trend. The compound annual growth rate (CAGR) over the upcoming five-year period indicates a consistent decline, signifying an annual average decrease in import volumes.

Future trends to watch for include:

A possible shift in import preferences towards electrically powered trucks due to environmental regulations and sustainability initiatives.
The potential impact of domestic production capacities of conventional work trucks on import volumes.
The influence of evolving trade policies and tariffs that may further affect import volumes into China.