In 2023, the import of air conditioners with refrigerating units to China stood at 200 million US dollars. From 2024 to 2028, we observe a consistent upward trend. Year-on-year growth averages approximately 2% to 2.5%, depicting a steady increase. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 2.5%, indicating moderate growth in this sector.
Future trends to watch for include:
- Technological advancements in energy efficiency and smart home integration influencing purchase decisions and import volumes.
- The impact of government policies on imports, particularly regarding energy standards and tariffs.
- Potential shifts in consumer preferences, driven by climate change and air quality concerns.