Italy leads the global export market of casting machines used in metallurgy and foundries, valued at $257.54 million in 2023, showing a modest growth of 1.58% over the previous year. Japan and China follow, with exports valued at $236.07 million and $147.3 million, respectively. Significant year-on-year growth can be observed in Poland (13.23%) and Portugal (6.82%), while notable declines were seen in Spain (-14.51%) and Russia (-25.94%). Over the past five years, the CAGR indicates steady growth for many European countries except for Hungary and Slovakia, which experienced declines.
Future trends to watch include a potential increase in automation and technological advancements driving export growth. Emerging markets, particularly in the Middle East and Africa, may witness increased demand due to infrastructure developments. Additionally, geopolitical factors and environmental regulations could significantly impact trade dynamics. Investment in R&D and sustainable practices may shape the competitive landscape in the coming years.
Top countries in Export of Casting Machines Used in Metallurgy, Foundries by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 257,540,000 | 2023 | +1.75% | +1.58% | View data |
| 2 | 2 Japan | 236,070,000 | 2023 | -0.92% | +0.27% | View data |
| 3 | 3 China | 147,300,000 | 2023 | +1.83% | +2.14% | View data |
| 4 | 4 Germany | 107,980,000 | 2023 | +0.88% | -0.64% | View data |
| 5 | 5 Switzerland | 103,770,000 | 2023 | +1.68% | -1.57% | View data |
| 6 | 6 Austria | 34,673,000 | 2023 | +3.84% | +1.46% | View data |
| 7 | 7 South Korea | 33,081,000 | 2023 | +2.55% | -0.42% | View data |
| 8 | 8 United States | 30,394,000 | 2023 | -4.2% | -3.42% | View data |
| 9 | 9 Singapore | 27,360,000 | 2023 | +5.96% | +2.09% | View data |
| 10 | 10 United Kingdom | 23,849,000 | 2023 | -4.46% | -6.44% | View data |
