In 2023, the US imported injection or compression type moulds for metals or carbides valued at approximately 120 million USD. The forecast data from 2024 to 2028 indicates a gradual increase in imports, reaching 128.7 million USD by 2028. The annual growth rate for these imports averages around 1.24 % over the five-year period from 2024 to 2028.
Future trends to monitor include:
- Technological advancements in mold production that could alter import demand
- Fluctuations in domestic manufacturing capabilities affecting the reliance on imports
- Trade policy changes that could impact cost and sourcing decisions
- Economic conditions influencing overall industrial demand for metal and carbide moulds