The import value of hydraulic presses for working metal to China in 2023 was recorded at $122.6 million. From 2024 to 2028, the forecast shows a gradual decline, starting at $121.6 million in 2024 and descending to $113.5 million by 2028. This reflects a consistent year-on-year decrease in import value, averaging around 1.7% annually during this period. These figures suggest a compound annual growth rate (CAGR) of approximately -1.7%.
Future trends to monitor include advancements in automation technology and the increasing capabilities of domestic production, potentially impacting China's reliance on imports. Additionally, shifts in global trade dynamics and local industrial policy reforms could alter import patterns in the near term.
