In 2023, the import volume of machinery to impregnate textiles and make linoleum to China stood at 6.79 million kilograms. The forecasted data from 2024 to 2028 shows a consistent year-on-year decline, with values dropping from 6.2914 million kilograms in 2024 to 4.3612 million kilograms by 2028. This indicates a gradual decrease in machinery imports, reflecting a compound annual growth rate (CAGR) of approximately -9.69% over the coming five years.
Future trends to watch for:
- Increased local production and technological advancements that could reduce dependency on imports.
- Shifts in consumer preferences towards sustainable and locally-sourced products impacting the demand for such machinery.
- Potential policy changes and government incentives promoting domestic manufacturing could further influence import trends.