The forecast for China's import of non-numerically controlled machine tools used for bending, folding, shearing, or pressing metal shows a gradual increase from 2024 to 2028, with values rising from 2.63 thousand to 2.81 thousand. In 2023, the import level stood below this range, indicating a positive growth trend. Year-on-year variations suggest stability and modest growth, with an average annual increase (CAGR) observed over these years.
Future trends to watch include:
- Technological advancements impacting demand for non-numerically controlled tools.
- China’s industrial policies affecting import volumes and market conditions.
- Potential global trade dynamics influencing machine tool imports.