In 2023, Germany held the majority share of the European export market for hydraulic brake fluids and other prepared liquids for hydraulic transmission at 66.37%. Belgium followed distantly with 16.97%, and Spain held 5.28%. Germany experienced a slight decline of 0.73% compared to other countries like Belgium, which increased by 8.63%, and Lithuania, which rose by 6.26%. Notably, Italy and the United Kingdom both exited the market with a 100.0% decrease. Emerging markets like Slovakia and Latvia saw significant growth, with increases of 11.6% and 7.59%, respectively. Over the last five years, Europe’s market exhibited modest year-on-year changes with some volatility due to geopolitical uncertainties and evolving regulation impacting trade.
Future trends to watch in the European market include potential growth in Eastern European countries attributed to manufacturing shifts and expanding automotive industries. Sustainability and innovations in eco-friendly hydraulic fluids could drive new demand patterns. Additionally, any changes in trade agreements or tariffs following shifts in European Union policies may significantly impact country shares and overall market dynamics. The ongoing push for technological advancement and infrastructural development across Europe may also continue reshaping industry standards and practices.
Top countries in Export of Hydraulic Brake Fluids and Other Prepared Liquids for Hydraulic Transmission Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 66.37 | 2023 | +4.92% | -0.73% | View data |
| 2 | 2 Belgium | 16.97 | 2023 | +5.71% | +8.63% | View data |
| 3 | 3 Spain | 5.28 | 2023 | -1.6% | -7.48% | View data |
| 4 | 4 Netherlands | 3.03 | 2023 | -9.34% | -1.83% | View data |
| 5 | 5 Poland | 2.14 | 2023 | +4.04% | +0.8% | View data |
| 6 | 6 Lithuania | 1.6 | 2023 | +5.09% | +6.26% | View data |
| 7 | 7 Italy | 1.2 | 2023 | -18.79% | View data | |
| 8 | 8 United Kingdom | 1.18 | 2023 | -42.75% | View data | |
| 9 | 9 Sweden | 1.17 | 2023 | +9.73% | +4.6% | View data |
| 10 | 10 Czechia | 0.84 | 2023 |
