In 2023, China led the global export market for machinery for making or repairing footwear, with substantial growth noted at 2.76% year-over-year. Italy and South Korea followed, with Italy showing marginal growth of 0.55% and South Korea a significant rise of 2.99%. Germany dropped by 2.37%, while noteworthy increases were seen in Greece (11.45%), and Denmark (9.32%). Lithuania and Singapore exhibited considerable growth with 14.36% and 16.76%, respectively. Japan surged by 87.91%, indicating a substantial recovery or expansion effort.
Future trends to watch include:
- Continued growth in Asian markets, driven by technological advancements in China and South Korea.
- Potential recovery or expansion in markets like Japan, boosted by the recent surge.
- Monitoring European market dynamics, particularly Italy and Germany, for any pivots or stability changes.
- Strategic shifts or new entrants inspired by emerging economies like India and recoveries like that of Moldova.
Top countries in Export of Machinery for Making or Repairing Footwear by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 243,710,000 | 2023 | +3.52% | +2.76% | View data |
| 2 | 2 Italy | 128,600,000 | 2023 | +0.11% | +0.55% | View data |
| 3 | 3 South Korea | 61,422,000 | 2023 | +3.64% | +2.99% | View data |
| 4 | 4 Germany | 19,601,000 | 2023 | -1.03% | -2.37% | View data |
| 5 | 5 Spain | 4,330,500 | 2023 | -0.63% | -0.86% | View data |
| 6 | 6 Romania | 3,520,600 | 2023 | +1.56% | +0.75% | View data |
| 7 | 7 Brazil | 2,538,000 | 2023 | -3.87% | -2.04% | View data |
| 8 | 8 Greece | 2,435,500 | 2023 | +2.74% | +11.45% | View data |
| 9 | 9 Denmark | 2,240,300 | 2023 | +4.44% | +9.32% | View data |
| 10 | 10 Netherlands | 1,862,300 | 2023 | +2.44% | +0.42% | View data |
