Italy leads the global export market for drilling or morticing machines for hard materials, commanding nearly half of the global share in kilograms for 2023, ahead of Germany and China. Key growth performers in 2023 include Denmark, Slovakia, and Kuwait, the latter showing a significant upsurge. Italy and Austria have shown steady growth, whereas Japan and Malaysia have experienced declines. Other countries like Belgium and South Korea have maintained modest growth levels, with France and Sweden experiencing downturns.
Future trends to watch include:
- Potential stabilization or further growth from Germany and China as they leverage manufacturing advancements.
- Opportunities for South Korea and Denmark to increase their market share given their recent growth trajectories.
- Possible market expansion strategies from smaller players like Cyprus and Chile, who showed significant growth.
- Potential market recovery actions from countries experiencing declines, such as Japan, Malaysia, and Brazil.
Top countries in Export of Drilling or Morticing Machines for Working Hard Materials Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 48.96 | 2023 | +2.85% | +4.61% | View data |
| 2 | 2 Germany | 27.85 | 2023 | +3.49% | +1.81% | View data |
| 3 | 3 China | 6.4 | 2023 | +4.02% | +3.6% | View data |
| 4 | 4 South Korea | 2.06 | 2023 | +3.98% | +5.94% | View data |
| 5 | 5 Austria | 1.64 | 2023 | +1.42% | +5.19% | View data |
| 6 | 6 Belgium | 1.32 | 2023 | +5.4% | +4.24% | View data |
| 7 | 7 Japan | 0.86 | 2023 | -41.63% | -20.31% | View data |
| 8 | 8 Denmark | 0.81 | 2023 | +5.33% | +14.4% | View data |
| 9 | 9 Spain | 0.75 | 2023 | +4.57% | +3.24% | View data |
| 10 | 10 New Zealand | 0.7 | 2023 | +6.53% | +0.56% | View data |
