Germany leads the European export of drilling tools with working parts made of sintered metal carbide, with a substantial volume, despite a slight year-on-year decline of 0.97% in 2023. The Netherlands showed remarkable growth, increasing by 47.43%, indicating strong market demand. Italy, while maintaining a notable volume, experienced a small contraction at a 4.08% decrease. France and Spain ceased exports, reflecting significant market shifts. Austria, Bulgaria, Belgium, and Luxembourg demonstrated positive export trends, with Luxembourg showing considerable growth at 94.09%. Other countries experienced varied trends, with Slovakia and Estonia displaying notable increases.
Future trends to watch include the expansion of the Netherlands as a key player and potential recovery and market re-entry for France and Spain. Monitoring technological advancements in sintered metal carbide production could influence export dynamics, alongside geopolitical and economic developments within the European Union impacting trade policies and competitiveness.
Top countries in Export of Drilling Tools with Working Part of Sintered Metal Carbide for Working Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,485,800 | 2023 | +2.51% | -0.97% | View data |
| 2 | 2 Netherlands | 1,556,800 | 2023 | +20.69% | +47.43% | View data |
| 3 | 3 Italy | 604,930 | 2023 | -2.9% | -4.08% | View data |
| 4 | 4 Hungary | 64,930 | 2023 | +3.15% | +2.32% | View data |
| 5 | 5 Romania | 64,790 | 2023 | +1.68% | -0.49% | View data |
| 6 | 6 France | 62,820 | 2023 | -14.5% | View data | |
| 7 | 7 Austria | 62,370 | 2023 | +5.21% | +11.19% | View data |
| 8 | 8 Bulgaria | 47,790 | 2023 | +4.4% | +7.95% | View data |
| 9 | 9 Belgium | 32,650 | 2023 | +11.93% | +9.33% | View data |
| 10 | 10 Spain | 14,590 | 2023 | -51.12% | View data |
