In 2023, Belgium led European imports of non-numerically controlled horizontal lathes with a notable share increase of 111.31% from the previous year. Germany and the UK followed, maintaining solid positions with minor growths of 5.72% and 0.58%, respectively. Denmark saw a significant decline by 10.26%, while Finland and Ireland experienced robust growths of 43.33% and 163.86%, respectively. Furthermore, Lithuania witnessed the most considerable drop at 30.57%.
Future trends to watch for include:
- The stabilization of Belgium's market dominance and whether it maintains its leading position.
- The impact of emerging technologies on traditional industries and how this may shift dynamics, particularly in key markets like Germany and the UK.
- Continued volatility in smaller markets such as Finland and Ireland, balancing rapid growth against market consolidation pressures.
Top countries in Import of Non-Numerically Controlled Horizontal Lathes for Removing Metal Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 26.99 | 2023 | +42.67% | +111.31% | View data |
| 2 | 2 Germany | 16.62 | 2023 | -0.043% | +5.72% | View data |
| 3 | 3 United Kingdom | 10.01 | 2023 | -1.21% | +0.58% | View data |
| 4 | 4 Netherlands | 6.55 | 2021 | -2.17% | +22.44% | View data |
| 5 | 5 Poland | 5.34 | 2023 | +2.31% | +5.39% | View data |
| 6 | 6 Denmark | 5.24 | 2023 | +14.54% | -10.26% | View data |
| 7 | 7 Italy | 5.18 | 2023 | +0.48% | +14.41% | View data |
| 8 | 8 Austria | 5.14 | 2023 | +2.82% | +13.25% | View data |
| 9 | 9 Spain | 4.92 | 2023 | +11.05% | +2.86% | View data |
| 10 | 10 Sweden | 3.15 | 2023 | +2.47% | +12.21% | View data |
