In 2023, Hungary led European imports of machine tools for processing wood and similar materials, with a notable increase of 124.28% in volume over the previous year. Estonia and Finland also saw significant growths of 213.42% and 48.44% respectively. Meanwhile, the United Kingdom and Cyprus experienced notable declines of 17.15% and 23.04%. Over the past five years, the compound annual growth rate (CAGR) suggests moderate expansion across many countries, despite fluctuations.
Future trends to watch include:
- Technological advancements increasing efficiency in woodworking and materials processing.
- A shift towards sustainable or bio-based materials potentially impacting imports.
- Continued economic recovery post-pandemic which may drive demand for diverse production capabilities.
- Increased focus on automation and smart technology integration within machinery.
Top countries in Import of Machine Tools for Working Wood, Cork, Bone, Hard Rubber, Hard Plastics or Similar Hard Materials by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 607,240 | 2023 | +6.64% | +124.28% | View data |
| 2 | 2 France | 514,220 | 2023 | +2.96% | +22.69% | View data |
| 3 | 3 Estonia | 393,200 | 2023 | +12% | +213.42% | View data |
| 4 | 4 Netherlands | 356,950 | 2023 | -1.89% | +33.4% | View data |
| 5 | 5 Austria | 316,900 | 2023 | +10.48% | +16.83% | View data |
| 6 | 6 Italy | 290,300 | 2023 | +8.08% | +18.74% | View data |
| 7 | 7 Poland | 272,160 | 2023 | -1.07% | +35.13% | View data |
| 8 | 8 Bulgaria | 270,470 | 2023 | +3.22% | +0.57% | View data |
| 9 | 9 Romania | 259,260 | 2023 | +1.24% | +16.48% | View data |
| 10 | 10 Germany | 252,200 | 2023 | +10.81% | +11.46% | View data |
