The import of diesel engines for motor vehicles to China experienced varying trends with a decrease over the years. The value stood at 7.8582 million kilograms in 2023. Notably, recent years saw declining imports, with -4.16% in 2022 and -4.26% in 2023. This illustrates a negative compound annual growth rate (CAGR) of -5.69% over the last five years. Forecasts predict a steady decline, projecting a CAGR of -4.19% over the next five years, reaching 6.0336 million kilograms in 2028.
Future trends to watch for include shifts in China's regulatory environment, technological advancements in alternative propulsion systems, and changing demands in the automotive market towards electric vehicles, which may reduce the reliance on diesel engines. These factors could further impact the import volumes.
