Metalworking Machine Tool Market Crashes in 2024 Despite China’s Steady Exports
The global market for metalworking machine tools faced a sharp decline in 2024. Both imports and exports dropped significantly compared with the previous year. Despite this, the United States remained the largest importer, while China continued its steady export growth over the past decade.
In 2024, global imports of metalworking machine tools fell to X units, a drop of X% from 2023. The average import price per unit rose to $X thousand, marking an increase of X% over the previous year. The United States led the market, accounting for X% of worldwide imports, with a total value of $X.
The 2024 figures highlight a challenging year for the metalworking machine tool sector. Imports and exports both shrank, though prices per unit rose. The United States kept its position as the top importer, while China’s long-term export growth remained stable. The market’s overall value continued to decline, reflecting broader industry pressures.
