In 2023, China dominated the global export market for machinery for making felt, nonwovens, and hats, with a 58.37% share. Germany followed with 20.48%, and Italy with 5.47%. Notable increases were seen in Denmark (32.74%), Hungary (26.75%), and Russia (26.2%), while significant declines occurred in India (-30.9%), United Arab Emirates (-38.96%), and Poland (-21.69%). Over a five-year period, China's consistent growth and Germany's stability solidified their leading positions, while fluctuations in smaller markets indicate potential volatility.
Future trends to watch include:
- China's potential to further increase its dominance with technological advancements.
- Germany's opportunity to leverage industrial innovation.
- Emerging markets could experience volatility due to economic or regulatory changes.
Top countries in Export of Machinery for Making Felt, Nonwovens, Including Hats Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 58.37 | 2023 | +4.65% | +4.04% | View data |
| 2 | 2 Germany | 20.48 | 2023 | +0.59% | +2.04% | View data |
| 3 | 3 Italy | 5.47 | 2023 | +3.01% | +3.97% | View data |
| 4 | 4 France | 3.31 | 2023 | -2.5% | +4.49% | View data |
| 5 | 5 South Korea | 2.73 | 2023 | +1.89% | +1.63% | View data |
| 6 | 6 Austria | 2.08 | 2023 | +0.28% | +0.29% | View data |
| 7 | 7 Czech Republic | 1.8 | 2023 | +1.66% | -0.79% | View data |
| 8 | 8 Portugal | 1.39 | 2023 | +2.88% | +2.41% | View data |
| 9 | 9 Spain | 0.92 | 2023 | +3.49% | +5.02% | View data |
| 10 | 10 Singapore | 0.76 | 2023 | +5.1% | +5.67% | View data |
