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.