In 2023, the re-import volume of cooking appliances for gas fuel of iron or steel to China stood at 138 thousand kilograms. The forecast from 2024 to 2028 shows a consistent year-on-year increase in volume, with the re-importation projected to grow from 142.4 in 2024 to 163.66 thousand kilograms in 2028. The annual growth rate over this period indicates a steady increase as follows: 3.86% from 2024 to 2025, 3.63% from 2025 to 2026, 3.44% from 2026 to 2027, and 3.25% from 2027 to 2028. The compound annual growth rate (CAGR) over these years is approximately 3.54%.
Future trends to watch for include:
- Impact of domestic manufacturing capabilities on re-import demands.
- Changes in consumer preferences towards alternative cooking appliances.
- Potential policy changes affecting trade and importation tariffs.
- Technological advancements influencing product lifecycle and sourcing strategies.