The forecast for China's imports of hand pumps not designed to measure flow shows a gradual decline from 29.313 million in 2024 to 28.114 million by 2028, a reduction of 4.1%. This trend reflects a consistent decrease, with year-on-year reductions averaging around 1.03% over the four-year forecast period.
In 2023, preceding this forecast, the value was established, showing the beginning of a downward trend. Over these years, the Compound Annual Growth Rate (CAGR) is estimated at -0.98%, indicating a steady decline in import values.
Future trends to watch for include potential shifts in market demand or changes in China’s domestic production capabilities, which could influence import requirements. Additionally, technological advancements in more accurate measuring devices could further impact future needs for non-measuring hand pumps.
