The re-import of AC motors, multi-phase of an output of 0.75-75 kW to China in 2023 stood at a lower value than the forecasted figures for 2024 onwards. The forecast predicts a steady increase, reaching 3.4887 million kilograms by 2028, with each year consistently showing a modest growth of about 3 to 4% from the previous year. The compound annual growth rate (CAGR) over the five-year forecast period is indicative of stable demand and a robust re-import sector within this range of motors.
Future trends to watch for include:
- Technological advancements in motor efficiency which could affect import volumes.
- Chinas economic conditions and policies impacting re-import needs.
- Global supply chain dynamics influencing availability and pricing.