In 2023, Finland led the European import share of gearboxes and other speed changers by weight with a significant increase of 67.12% from the previous year. Denmark and Spain experienced reductions of 2.38% and 4.6%, respectively. Germany saw a minor increase of 1.08%, maintaining its significant role in imports. Sweden's import share increased notably by 19.64%. Variations over the past years indicate stability in Italy and France, with minimal fluctuations. Poland and Ireland showed modest growth. Remarkably, Malta saw a large increase in imports, though from a low base.
Future trends to watch include potential growth in Finland's import share, given its significant increase in 2023. Additionally, with Estonia's double-digit growth, the Baltic region could see increased activity. The effects of geopolitical dynamics and environmental regulations on the supply chain dynamics and sourcing priorities within Europe will also be crucial to monitor.
Top countries in Import of Gearboxes and Other Speed Changers for Machinery and Land and Sea Vehicles Excluding Gears and Gearing Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 18.24 | 2023 | +38.92% | +67.12% | View data |
| 2 | 2 Denmark | 15.79 | 2023 | +1.54% | -2.38% | View data |
| 3 | 3 Germany | 14.03 | 2023 | +2.79% | +1.08% | View data |
| 4 | 4 Spain | 8.42 | 2023 | +10.1% | -4.6% | View data |
| 5 | 5 Sweden | 7.3 | 2023 | +27.09% | +19.64% | View data |
| 6 | 6 Italy | 7.11 | 2023 | +6.68% | +0.51% | View data |
| 7 | 7 France | 5.88 | 2023 | +9.24% | -0.032% | View data |
| 8 | 8 Czechia | 4.85 | 2023 | |||
| 9 | 9 Netherlands | 3.95 | 2023 | +2.68% | -1.11% | View data |
| 10 | 10 United Kingdom | 3.66 | 2023 | -0.03% | -5.58% | View data |
