In 2023, the import volume of non-numerically controlled surface grinders to China stood at a figure preceding the forecasted values. Over the forecast period from 2024 to 2028, imports are expected to consistently decline with the year-on-year decreases showing a steady downward trend; a clear indication of a consistent contraction in import volume. The average annual decline, as represented by the compounded annual growth rate (CAGR), reflects a significant reduction over the five-year period.

Future trends to watch for:

Potential impact of domestic production scaling up, which may reduce import dependency.
Advancements in numerically controlled technology potentially shifting industry focus.
Trade policy changes that could affect import dynamics and costs.