The import of aircraft, spacecraft, and satellites to China is forecasted to increase steadily from 2024 to 2028, reaching $37.515 billion by 2028. In 2023, the actual import value stood at $32.332 billion. The year-on-year growth rates are projected as follows:
- 2024: 3.26%
- 2025: 3.18%
- 2026: 3.03%
- 2027: 2.88%
- 2028: 2.74%
Over the last two years, the import value has increased by approximately 6.4%. The compounded annual growth rate (CAGR) over the next five years is expected to be around 3.02%.
Future trends to watch for include the potential impact of advancements in domestic aerospace production that could reduce reliance on imports, the influence of geopolitical tensions on trade policies, and continued demand growth driven by China’s expanding role in global aviation and space exploration.
