The import volume of parts of machines for making paper and pulp to China is projected to steadily decline from 2024 to 2028. Starting at 1.631 million kilograms in 2024, the import volume is forecasted to decrease by approximately 0.24% each year, reaching 1.6159 million kilograms by 2028. This represents a consistent downward trend, with a compound annual growth rate (CAGR) of -0.19% over the five-year period. In contrast, the 2023 import volume will serve as a baseline for this declining trend.
Future trends to watch for:
- Focusing on domestic production capabilities to reduce reliance on imports.
- Enhancements in machine efficiency potentially reducing the need for machine parts over time.
- Economic policies affecting import tariffs and trade regulations may influence future import volumes.
- Technological advancements in machine parts that could impact demand and import dynamics.
