In 2023, the import volume of thread rolling machines for working metal to the US stood at 543.10 thousand kilograms. From 2024 onwards, there is a forecasted decline in import volumes: 2024 at 537.08, 2025 at 531.01, 2026 at 525.05, 2027 at 519.22, and 2028 at 513.5. This reflects a consistent year-on-year decrease in demand, with noticeable drops, indicating a compound annual growth rate (CAGR) decline over the next five years, signaling a contraction trend in imports.
Future trends to watch for include:
- Technological advancements in domestic production potentially reducing dependency on imports.
- Market demand changes due to economic policy shifts or innovations in alternative machining technologies.
- Currency exchange rate fluctuations affecting import prices and volumes.
- Environmental regulations impacting the metalworking industry and consequently the import of related machinery.
