The import of parts of automatic goods-vending machinery to China has experienced fluctuations over the past decade. In 2023, the value stood at 53.592 million USD. Historically, variations in annual growth have shown significant increases and decreases, with notable peaks in 2017 (+24.68%) and dips in 2018 (-26.79%). Over the last two years, the year-on-year growth rates were 3.63% (2022) and 3.44% (2023). The average annual growth rate (CAGR) over the past five years ending in 2023 was 6.04%. The forecasted data suggests a steady increase, with an anticipated CAGR of 2.52% from 2024 to 2028, reflecting a growth rate of 13.22% over this period.
Future trends to watch for include:
- The impact of technological advancements on demand for vending machine components.
- China's evolving consumer landscape and its influence on vending machine proliferation.
- Potential policy changes affecting import tariffs and trade regulations.
- The role of emerging markets and regional trade agreements in shaping import trends.