In 2023, China imported approximately 3.521 million kilograms of machines for grinding, sanding, and polishing hard materials. The forecast from 2024 to 2028 shows a gradual decline in imports: with a year-on-year decrease, the volume reduced from 3.5077 million kilograms in 2024 to 3.4489 million kilograms by 2028. Over this period, the compound annual growth rate (CAGR) reflects a modest contraction in import volume.
Future trends to watch for include:
- Potential shifts in domestic production capabilities reducing reliance on imports.
- Technological advancements possibly influencing import needs.
- Changes in domestic demand driven by sectoral growth or policy shifts.