Forecast: Import of Threshing Machinery to China

The forecast for China's import of threshing machinery reveals a clear downward trend from 2024 to 2028. In 2023, the import volume was higher than the 124.83 thousand kilograms forecasted for 2024. Over the subsequent years, the import volume is projected to decrease steadily, with notable year-on-year reductions of approximately 8.6% from 2024 to 2025, 9.2% from 2025 to 2026, 9.9% from 2026 to 2027, and finally 10.8% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period suggests a consistent decline in import volume.

Future trends to watch for include:

  • Technological advancements in domestic threshing machinery, potentially reducing dependency on imports.
  • Government policies promoting agricultural mechanization and self-sufficiency.
  • Fluctuations in international trade relations affecting machinery imports.

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