The re-import of tools for milling to China is projected to increase steadily from 21.47 thousand kilograms in 2024 to 25.5 thousand kilograms by 2028, reflecting a consistent upward trend. In 2023, the actual import volume stood at around 20.5 thousand kilograms. The year-on-year growth rate from 2024 to 2025 is estimated at around 4.8%, with a similar growth trend expected in subsequent years. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 4.3%.
Future trends to watch for include:
- The impact of technological advancements in milling tools, potentially influencing re-import demands.
- Tariff and trade policy changes between China and exporting countries.
- Domestic production capabilities impacting re-import necessity.
