The re-import of bending or assembling machines for working hard materials to China is expected to decline over the forecasted period from 2024 to 2028. Starting at 110.13s in 2024, the value steadily decreases each year, reaching 82.46s by 2028. This indicates a year-on-year decline of approximately 6-8%. The compound annual growth rate (CAGR) for the period shows a negative trend, reflecting a consistent decrease in imports. In 2023, the value was already showing a declining pattern, which continues into 2024.
Future trends to watch for include the adoption of local manufacturing capabilities, technological advancements, and potential changes in trade policies that could impact the demand for re-importing machines. Market players should monitor these factors closely as they could alter the trajectory of the current declining trend.
