The import of dies for drawing or extruding metal to China is projected to decline gradually from 2024 to 2028. In 2023, imports stood at a certain level, however, from 2024, they were forecasted at $35.936 million, decreasing annually to $28.196 million by 2028. The forecast anticipates a consistent year-on-year decline with percentage variations exemplifying this trend. Over the five-year span, the Compound Annual Growth Rate (CAGR) reflects a continuous contraction in imports, underscoring a downward trajectory.
Future trends to watch include:
- Technological advancements in domestic die manufacturing, potentially reducing import dependency.
- China's economic policy adjustments that affect industrial import needs.
- Global economic factors that might influence metal extrusion demand in China.
