Forecast: Re-Import of Millstones, Grinding Stones and Grinding Wheels to China

In 2023, the re-import value of millstones, grinding stones, and grinding wheels to China was recorded as the baseline for forecasting. The projected data from 2024 to 2028 shows a clear declining trend, with the value consistently decreasing each year. Year-on-year, the re-import value is expected to reduce steadily, demonstrating a pattern of negative growth. The compounded annual growth rate (CAGR) calculated over this forecast period indicates a continuous average decline annually.

Future trends to monitor include:

  • Technological advancements in domestic production potentially reducing import dependence.
  • Fluctuations in global raw material prices affecting industry costs and import prices.
  • Changes in trade policies and tariffs that could impact import volume.

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