In 2023, Germany led the European export market for road wheels and parts with a 26.69% share by kilograms, despite a 2.1% decline. Poland and Spain followed with notable year-on-year increases of 2.57% and 5.83%, respectively. Italy demonstrated a strong growth of 7.87%, whereas Austria and Belgium saw decreases, at 2.57% and 8.32% respectively. France had a significant rise of 12.12%. Smaller contributors such as Finland and emerging markets like Latvia showed positive growth, with notable increases of 3.16% and 10.95% each.
Future trends to monitor include the potential continued rise of countries like Spain and Italy, driven by strong manufacturing capabilities and innovation. Additionally, the sustained growth of France may signal an emerging powerhouse in the sector. Special attention should be paid to the expansion of the Eastern European markets, which might leverage lower production costs to enhance their export shares.
Top countries in Export of Road Wheels and Parts and Accessories Thereof Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.69 | 2023 | +6.4% | -2.1% | View data |
| 2 | 2 Poland | 14.68 | 2023 | +3.04% | +2.57% | View data |
| 3 | 3 Spain | 12.09 | 2023 | +8.08% | +5.83% | View data |
| 4 | 4 Italy | 11.43 | 2023 | +10.64% | +7.87% | View data |
| 5 | 5 Czechia | 6.95 | 2022 | |||
| 6 | 6 Austria | 4.29 | 2023 | +4.23% | -2.57% | View data |
| 7 | 7 Hungary | 4 | 2023 | +2.37% | +3.23% | View data |
| 8 | 8 Netherlands | 3.46 | 2023 | +2.14% | +4.41% | View data |
| 9 | 9 Belgium | 3.29 | 2023 | -4% | -8.32% | View data |
| 10 | 10 Luxembourg | 3.2 | 2023 | +5.17% | -0.58% | View data |
