In 2023, the import value of machinery for making paper or paperboard to the US stood at an undisclosed value, but the trend forecast from 2024 to 2028 shows a gradual decline. Starting at 338 in 2024, it is expected to decrease progressively to 309 by 2028. The consistent year-on-year reduction highlights a downward trend in import demand over this forecast period, with the Compound Annual Growth Rate (CAGR) indicating a sustained decrease in demand over the five years.
Future trends to watch for:
- Technological advancements in machinery and domestic production capabilities might further reduce import reliance.
- Environmental regulations and sustainability trends could impact machinery choices significantly.
- Market fluctuations in paper and paperboard usage may influence machinery demand indirectly.