The global export of parts of automatic goods-vending machinery is led by China, with notable growth of 7.15% in 2023, signaling its strong market position. Italy follows, experiencing modest growth of 1.67%, while countries like Canada and Malaysia also exhibit solid growth rates of 8.65% and 7.84%, respectively. Meanwhile, traditional exporters like the United States, Japan, and Germany have seen declines by -8.02%, -8.97%, and -11.07%, indicating shifting dynamics in the market. The UK also reported a significant decline of -15.91%, pointing to challenges in maintaining its previous export levels.
Future trends to watch include:
- China's continued dominance and expansion in the market, driven by technological advancements and competitive pricing.
- European countries like Italy and the Netherlands maintaining their positions through innovation and high-quality offerings.
- Emerging markets, including Malaysia and Poland, potentially increasing their market share due to growing manufacturing capabilities and strategic investments.
- Monitoring the impact of geopolitical factors on trade flows, particularly considering recent declines in Western countries.
Top countries in Export of Parts of Automatic Goods-Vending Machinery by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 229,780,000 | 2023 | +2.24% | +7.15% | View data |
| 2 | 2 Italy | 116,680,000 | 2023 | +1.98% | +1.67% | View data |
| 3 | 3 Netherlands | 39,685,000 | 2023 | +3.74% | +3.56% | View data |
| 4 | 4 Israel | 39,664,000 | 2023 | +5.88% | +3.87% | View data |
| 5 | 5 Czech Republic | 28,041,000 | 2023 | +3.9% | -3.91% | View data |
| 6 | 6 Canada | 24,768,000 | 2023 | -0.94% | +8.65% | View data |
| 7 | 7 Indonesia | 21,261,000 | 2023 | +5.82% | +1.5% | View data |
| 8 | 8 Spain | 19,269,000 | 2023 | -6.27% | -6.3% | View data |
| 9 | 9 United States | 16,935,000 | 2023 | -8.42% | -8.02% | View data |
| 10 | 10 Mexico | 15,562,000 | 2023 | -11.53% | -8.65% | View data |
