Forecast: Import of Horizontal Numerically Controlled Metal Work Lathes to China

In 2023, the import of horizontal numerically controlled metal work lathes to China was recorded at 4.55 thousand units. The forecasted data shows a steady rise, with estimates reaching 4.8 thousand units by 2028. Year-on-year growth is modest yet consistent at approximately 1.09% annually. Observing the five-year period from 2024, the compound annual growth rate (CAGR) suggests a similar incremental pattern, highlighting a stable but slow growth trajectory in this import sector.

Future trends to watch for:

  • Technological advancements in manufacturing might impact import volumes by shifting towards domestically produced lathes.
  • Trade policies and tariffs could directly affect import costs and volumes.
  • Increased automation in metalwork may drive demand for newer and more efficient numerically controlled lathes.

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