In 2023, Thailand emerged as the top exporter of numerically controlled sharpening machines, accounting for the highest export value, followed closely by Germany and Japan. Switzerland, Australia, and China were also significant contributors. Germany witnessed consistent growth, while Japan's growth was almost stagnant. Notably, India's exports grew robustly by over 6%, outpacing established markets. Conversely, Switzerland saw a decline, as did several smaller markets like Belgium, Russia, and Portugal.
Future trends to watch include increasing competitiveness in Southeast Asia as countries like Thailand and India expand their market share. Innovation in technology may boost exports from traditionally strong players such as Germany and Japan. Additionally, geopolitical shifts could influence trade dynamics, potentially affecting exports from China and Russia.
Top countries in Export of Numerically Controlled Sharpening (Tool, Cutter Grind) Machines Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 28.1 | 2023 | +4.69% | +3.63% | View data |
| 2 | 2 Germany | 27.74 | 2023 | +2.82% | +2.72% | View data |
| 3 | 3 Japan | 13.91 | 2023 | +2.18% | +0.024% | View data |
| 4 | 4 Switzerland | 12.41 | 2023 | +1.59% | -2.16% | View data |
| 5 | 5 Australia | 7.14 | 2023 | +5.22% | +1.26% | View data |
| 6 | 6 China | 5.26 | 2023 | +4.97% | +3.63% | View data |
| 7 | 7 United States | 3.87 | 2023 | +2.34% | +1.09% | View data |
| 8 | 8 Italy | 2.36 | 2023 | +2.56% | +2.64% | View data |
| 9 | 9 France | 2.09 | 2023 | +4.96% | +3.37% | View data |
| 10 | 10 United Kingdom | 1.84 | 2023 | -0.67% | +1.43% | View data |
