The European export market for gear-cutting tools with working parts made of materials other than diamond saw Italy as the dominant player, accounting for 60.12% of the total weight in 2023. Luxembourg and Germany followed, holding significant shares of 19.15% and 8.56%, respectively. Notable growth was experienced by Luxembourg and Spain, with year-on-year increases of 72.33% and 72.58%. Meanwhile, Germany and Belgium experienced declines. The CAGR analysis over the past five years indicates fluctuating trends, highlighting Germany's decreasing share.
For European gear-cutting tools, future trends to watch include technological advancements in materials science, increasing competition from non-European manufacturers, and potential impacts of policy changes on trade dynamics. These factors may significantly influence the weight distribution of exports by country in the coming years.
Top countries in Export of Gear-Cutting Tools with Working Part of Materials Other than Diamond or Agglomerated Diamond Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 60.12 | 2023 | -63.64% | +46.22% | View data |
| 2 | 2 Luxembourg | 19.15 | 2023 | +22.09% | +72.33% | View data |
| 3 | 3 Germany | 8.56 | 2023 | -12.38% | -6.07% | View data |
| 4 | 4 Spain | 1.4 | 2023 | +18.46% | +72.58% | View data |
| 5 | 5 Belgium | 0.54 | 2023 | +3.93% | -5.77% | View data |
| 6 | 6 Poland | 0.39 | 2023 | -4.33% | -14.84% | View data |
| 7 | 7 Austria | 0.35 | 2023 | +26.03% | -3.58% | View data |
| 8 | 8 France | 0.2 | 2021 | +55.91% | +8.2% | View data |
| 9 | 9 Sweden | 0.17 | 2023 | +31.63% | +34.91% | View data |
| 10 | 10 Netherlands | 0.15 | 2023 | +9.75% | -6.12% | View data |
