In 2023, the import value of equipment to measure and check gas or liquid properties, excluding level or pressure, to China stood at a distinct level, setting the base for forecasted increases. By 2024, imports are projected to rise to 13.935 million, growing steadily to 16.041 million by 2028.
The year-on-year percentage variations are estimated as follows: 3.9% from 2024 to 2025, 3.7% from 2025 to 2026, 3.5% from 2026 to 2027, and 3.3% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is expected to reflect stable growth.
Future trends to watch for include:
- Technological advancements in sensor equipment that could influence import demand.
- Policy changes in China related to environmental monitoring and industrial standards, impacting equipment requirements.
- Fluctuations in global trade dynamics and supply chain adjustments post-pandemic recovery.