In 2023, the import of parts and accessories for stone and ceramic machine tools to China stood at an actual value of 414.25 thousand kilograms. Observing a forecasted decline from 2024 to 2028, the year-on-year value is expected to decrease steadily from 388.93 thousand kilograms in 2024 to 288.42 thousand kilograms in 2028. This reflects a continuous annual contraction of this market segment by approximately 6.5% on average. Over the past two years, the market experienced a downward trend with a significant slowdown in import volume.
Future trends to watch for include:
- Technological advancements in domestic production reducing import dependency.
- Potential changes in trade policies affecting international supply chains.
- Growth in innovation within the ceramic and stone machine tools industry, possibly altering demand dynamics.