The European export market for interchangeable tools for turning metal demonstrates notable regional differences. Germany leads with substantial volumes, displaying a steady growth of 7.03% year-on-year. Italy and Austria exhibit significant increases of 29.59% and 43.64%, respectively, while Ireland follows with a 10.11% rise. Conversely, Poland and Latvia experienced declines, highlighting a complex landscape with both growing and shrinking markets. The five-year period shows this is a dynamic sector with diverse trajectories.
Future trends to watch include continued innovation-driven growth in leading countries like Germany and Italy. Meanwhile, monitoring the recovery potential for nations like Poland and Latvia may reveal emerging opportunities. Additionally, economic and trade changes, as well as advancements in automation and technology, will likely shape this sector's landscape moving forward.
Top countries in Export of Interchangeable Tools for Turning Used for Working Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,041,400 | 2023 | +2.72% | +7.03% | View data |
| 2 | 2 Ireland | 840,190 | 2023 | +20.17% | +10.11% | View data |
| 3 | 3 Italy | 720,080 | 2023 | -40.54% | +29.59% | View data |
| 4 | 4 Austria | 116,790 | 2023 | +46.7% | +43.64% | View data |
| 5 | 5 Poland | 42,560 | 2023 | -2.22% | -2.09% | View data |
| 6 | 6 Belgium | 30,500 | 2023 | +4.13% | +19.72% | View data |
| 7 | 7 Netherlands | 22,410 | 2023 | -7.66% | +2% | View data |
| 8 | 8 United Kingdom | 15,360 | 2023 | -10.16% | +6.71% | View data |
| 9 | 9 France | 11,860 | 2023 | -84.29% | View data | |
| 10 | 10 Czechia | 11,380 | 2023 |
