In 2023, the import volume of liquid dielectric transformers with a power handling capacity of less than 650 kVA to China stood at a notable level, serving as a baseline for future projections. From 2024 to 2028, a consistent increase in import volume is forecasted, highlighting a steady demand in this product category. Notably, year-on-year growth from 2024 to 2025 is marginally positive at approximately 0.52%. The 5-year CAGR reflects a modest but positive average annual growth, indicating a stable market with limited volatility.

Future trends to watch for include:

Technological advancements in transformer efficiency which may influence import patterns.
Shifting industrial needs in China that could either increase or limit future import volumes.
Potential regulatory changes affecting domestic production capabilities and import requirements.