In 2023, Czechia emerged as the dominant player in the European export market for spinning and weaving machines parts and accessories, with a share of 56.54% by weight. Germany followed with 28.64%, while France and Italy held smaller shares at 6.06% and 4.21% respectively. Despite a decline in Germany and Italy's export shares, countries like Spain and Ireland saw significant increases, with Spain at a 32.3% rise and Ireland at a remarkable 76.46%. Conversely, nations such as Belgium, Lithuania, Finland, and Latvia experienced notable declines ranging from -22.82% to -45.07%.
Looking forward, emerging markets such as Portugal and Poland could potentially increase their market shares due to recent positive trends. Moreover, monitoring the technological advancements and innovations in the industry could influence export dynamics, with strong growth prospects expected for countries investing in research and development within the sector.
Top countries in Export of Spinning and Weaving Machines Parts and Accessories Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czechia | 56.54 | 2023 | |||
| 2 | 2 Germany | 28.64 | 2023 | +3.93% | -2.61% | View data |
| 3 | 3 France | 6.06 | 2023 | +6.52% | +2.31% | View data |
| 4 | 4 Italy | 4.21 | 2023 | -0.5% | -6.22% | View data |
| 5 | 5 Romania | 2.81 | 2023 | +1.78% | -1.03% | View data |
| 6 | 6 Netherlands | 1.87 | 2023 | +13.21% | +1.9% | View data |
| 7 | 7 United Kingdom | 1.7 | 2023 | +3.66% | -1.66% | View data |
| 8 | 8 Austria | 0.48 | 2023 | -19.2% | -3.22% | View data |
| 9 | 9 Spain | 0.24 | 2023 | -10.2% | +32.3% | View data |
| 10 | 10 Ireland | 0.062 | 2023 | +3.2% | +76.46% | View data |
