The data on electric motors and generators exports from China from 2013 to 2023 shows a general decline, with the value decreasing from 308.58 to 253.83 ten million units. This represents consistent year-on-year decreases, averaging -1.22% over the past five years.
Key variations in recent years include:
- 2021: +4.02%
- 2022: -1.17%
- 2023: -1.16%
Forecasts indicate a continuous decline, setting a five-year CAGR of -1% and an overall growth rate of -4.91% by 2028. The exports are projected to drop to 238.25 ten million units by 2028.
Future trends to watch include potential technological advancements, shifts in global demand, and geopolitical factors affecting trade policies and market access.
