In 2023, Germany led European imports of turning tools, experiencing a 7.6% increase. Romania and France followed with increases of 5.62% and 9.32% respectively. Estonia saw an impressive rise of 124.94%, while countries like the Netherlands and Belgium faced declines of 15.71% and 5.21%. Meanwhile, smaller importers such as Finland and Malta experienced substantial reductions.
Future trends to watch include technological advancements driving demand in countries with currently low import rates. Focus should also be on potential shifts in manufacturing bases across Europe, impacting traditional import leaders and emerging markets alike.
Top countries in Import of Turning Tools by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 171,230 | 2023 | +7.75% | +7.6% | View data |
| 2 | 2 Romania | 155,750 | 2023 | +5.29% | +5.62% | View data |
| 3 | 3 France | 141,890 | 2023 | +7.18% | +9.32% | View data |
| 4 | 4 Netherlands | 129,740 | 2023 | +3.2% | -15.71% | View data |
| 5 | 5 Portugal | 110,260 | 2023 | +3.07% | -0.31% | View data |
| 6 | 6 United Kingdom | 61,400 | 2023 | +0.15% | -1.16% | View data |
| 7 | 7 Belgium | 52,570 | 2023 | +6.6% | -5.21% | View data |
| 8 | 8 Ireland | 39,520 | 2023 | +10.42% | +8.16% | View data |
| 9 | 9 Italy | 35,040 | 2023 | +2.57% | +8.97% | View data |
| 10 | 10 Spain | 30,300 | 2023 | +9.36% | +3.03% | View data |
