Forecast: Import of Dies for Drawing or Extruding Metal to the US

In 2023, the import of dies for drawing or extruding metal stood at a volume still underpinning the current forecast trends, which indicate a gradual year-on-year decline through 2028. Each year from 2024 to 2028 shows a minor decrease, approximately 0.3% annually, with the Compound Annual Growth Rate (CAGR) illustrating a slight contraction of the market. Variations over the past two years, however, establish a consistent trend of decrease.

Future trends to watch for:

  • Potential innovations in metalworking technology that could influence import demands.
  • Shifts in domestic manufacturing may impact the necessity and volume of these imports.
  • Global trade policies and international economic factors could further affect market dynamics.

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