In 2023, China led the global export market for weighing machine parts, capturing 21.49% of the share, followed by Germany (14.93%) and the United States (8.29%). Notably, China and Italy saw a growth in their export shares by 2.24% and 2.19% respectively, while the United Kingdom experienced the largest decline of 1.71%. Mexico's exports surged by 8.49%, contrasting sharply with Switzerland's decline of 25.4%. Over the past five years, Singapore and India displayed the strongest CAGR, indicating a robust upward trajectory.
Future trends to watch include:
- The continued growth of Asian markets like China and Singapore.
- The diversification of export portfolios in emerging markets such as India and Mexico.
- The potential recovery of European markets, particularly Switzerland and the UK, which experienced significant downturns.
- The impact of technological advancements on manufacturing and supply chain efficiencies.
Top countries in Export of Weighing Machine Parts and Weights of All Kinds Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21.49 | 2023 | +2.04% | +2.24% | View data |
| 2 | 2 Germany | 14.93 | 2023 | -0.47% | -0.096% | View data |
| 3 | 3 United States | 8.29 | 2023 | -1.03% | -0.17% | View data |
| 4 | 4 Italy | 7.08 | 2023 | +2.74% | +2.19% | View data |
| 5 | 5 Netherlands | 5.77 | 2023 | +2.32% | +3.82% | View data |
| 6 | 6 United Kingdom | 5.74 | 2023 | -1.08% | -1.71% | View data |
| 7 | 7 Singapore | 5.71 | 2023 | +2.96% | +4.79% | View data |
| 8 | 8 Japan | 5.37 | 2023 | +1.07% | +1.54% | View data |
| 9 | 9 Denmark | 4.7 | 2023 | +1.56% | +0.2% | View data |
| 10 | 10 France | 3.52 | 2023 | +1.76% | +2.26% | View data |
