In 2023, China's dominance in the global export of machinery for liquefying air or other gases continued, holding a significant share of the market. Notably, Belgium and Saudi Arabia experienced substantial growth, with year-on-year increases of 33.63% and 103.76%, respectively. Indonesia led the acceleration with an exponential growth of 491.28%, while Germany and Japan saw declines of 11.08% and 7.5%. Sweden and the UK also faced notable contractions. Nations like Slovenia and Croatia reflected burgeoning exports, illustrating emerging influences in this sector.
Future trends to monitor include the technological advancements in machinery for liquefying gases and the rising demand in emerging markets which may shift global share distributions. Sustainability trends and energy efficiency will also drive innovation and market dynamics, influencing export strategies, particularly in Asia and Europe.
Top countries in Export of Machinery for Liquefying Air or Other Gases Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 60.66 | 2023 | +5.27% | +5.55% | View data |
| 2 | 2 Belgium | 7.26 | 2023 | +3.33% | +33.63% | View data |
| 3 | 3 Spain | 7.02 | 2023 | +4.56% | +17.54% | View data |
| 4 | 4 Germany | 4.38 | 2023 | -10.61% | -11.08% | View data |
| 5 | 5 United Arab Emirates | 3.8 | 2023 | +5.86% | +2.56% | View data |
| 6 | 6 Indonesia | 3.17 | 2023 | -4.39% | +491.28% | View data |
| 7 | 7 Italy | 3.09 | 2023 | -1.22% | -0.71% | View data |
| 8 | 8 Saudi Arabia | 2.01 | 2023 | +3.25% | +103.76% | View data |
| 9 | 9 Netherlands | 1.59 | 2023 | +4.19% | -0.96% | View data |
| 10 | 10 South Korea | 1.49 | 2023 | +2.9% | +104.42% | View data |
