In 2023, Germany led the European import market for shank type milling tools with a share of 30.73%. France, Italy, and Poland followed with shares of 11.39%, 8.41%, and 7.86% respectively. There was significant growth in the Netherlands (53.22%) and Bulgaria (72.43%), while the UK experienced a decline of 7.28%. Over the last two years, Poland and Portugal saw notable increases in import share. The compound annual growth rates suggested moderate expansion across Central and Eastern European markets, with declines in some Northern European countries.
Future trends to watch include southeastern European countries' increased adoption of advanced milling tools, driven by industrial demand and technology advancements. Brexit's long-term impact on the UK's import patterns may further recalibrate trade shares. Moreover, sustainability in tool production and supply chain shifts could drive changes across European markets.
Top countries in Import of Shank Type Milling Tools for Working Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.73 | 2023 | +0.95% | -0.31% | View data |
| 2 | 2 France | 11.39 | 2023 | +6.18% | +4% | View data |
| 3 | 3 Italy | 8.41 | 2023 | +4.4% | +8.04% | View data |
| 4 | 4 Poland | 7.86 | 2023 | +5.5% | +14.24% | View data |
| 5 | 5 Spain | 4.78 | 2021 | +231.7% | -1.26% | View data |
| 6 | 6 Czechia | 4.62 | 2021 | |||
| 7 | 7 United Kingdom | 4.58 | 2023 | -9.63% | -7.28% | View data |
| 8 | 8 Austria | 4.03 | 2023 | +3.23% | +4.38% | View data |
| 9 | 9 Netherlands | 3.72 | 2023 | +0.98% | +53.22% | View data |
| 10 | 10 Slovakia | 2.89 | 2023 | +2.92% | +8.46% | View data |
