In 2023, China leads the global export of hand-held torches for soldering, brazing, or welding, with a significant growth rate of 3.45%. Mexico and Austria follow, both showing positive growth trends. Notably, Austria experienced a 2.57% increase year-on-year, while the United States, although a key player, grew by only 0.31%. Emerging exporters like Latvia and Lithuania witnessed impressive growth, with 5.47% and 6.08% increases, respectively. Finland outperformed many with a 7.04% rise, offsetting declines in countries like Brazil, South Africa, and South Korea, which faced steep downturns.
Future trends to watch include:
- The continual rise of China as a leader in torch exports, driven by its manufacturing capabilities.
- Potential recovery opportunities for countries experiencing declines through innovation and competitiveness.
- Increased technological advancements in welding torches promoting efficiency and sustainability.
Top countries in Export of Torches, Hand-Held, for Soldering, Brazing or Welding by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 48,383,000 | 2023 | +3.72% | +3.45% | View data |
| 2 | 2 Mexico | 28,858,000 | 2023 | +2.37% | +1.53% | View data |
| 3 | 3 Austria | 28,026,000 | 2023 | +2.19% | +2.57% | View data |
| 4 | 4 United States | 13,439,000 | 2023 | +0.43% | +0.31% | View data |
| 5 | 5 Poland | 12,472,000 | 2023 | +4.14% | +2.13% | View data |
| 6 | 6 Italy | 11,158,000 | 2023 | +1.18% | +1.28% | View data |
| 7 | 7 Germany | 10,849,000 | 2023 | -0.2% | -0.47% | View data |
| 8 | 8 Estonia | 4,363,200 | 2023 | +5.49% | +5.09% | View data |
| 9 | 9 Belgium | 3,770,800 | 2023 | +1.55% | +1.53% | View data |
| 10 | 10 United Kingdom | 3,036,700 | 2023 | -4.22% | -4.14% | View data |
