Germany leads the global export market of machinery for making felt, nonwovens, including hats, with $376.35 million in exports by 2023. China follows with $205.42 million, showing a strong 3.87% year-on-year growth. France and Italy also contribute significantly. Denmark experienced a remarkable 25.21% increase. In contrast, Canada saw a large decline of 17.91%. The Netherlands and Israel displayed robust growth with 12.72% and 59.3% increases, respectively. Japan and the United States saw slight declines, with Japan down 1.2% and the U.S. down 0.96%.
Looking ahead, global exports of machinery for making felt are expected to continue evolving. Factors influencing future trends include technological advancements, demand shifts in Asia and Europe, and economic stability in key markets. Monitoring China's growth and Germany's innovations will provide insights into the sector's direction.
Top countries in Export of Machinery for Making Felt, Nonwovens, Including Hats by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 376,350,000 | 2023 | +0.86% | +2.14% | View data |
| 2 | 2 China | 205,420,000 | 2023 | +4.83% | +3.87% | View data |
| 3 | 3 France | 122,730,000 | 2023 | +3.01% | +2.3% | View data |
| 4 | 4 Italy | 51,537,000 | 2023 | +3.04% | +3.88% | View data |
| 5 | 5 Portugal | 32,065,000 | 2023 | +3.25% | +2.13% | View data |
| 6 | 6 Singapore | 30,738,000 | 2023 | +5.43% | +5.14% | View data |
| 7 | 7 Austria | 27,251,000 | 2023 | +0.6% | -0.37% | View data |
| 8 | 8 Japan | 24,669,000 | 2023 | +0.87% | -1.2% | View data |
| 9 | 9 United States | 22,186,000 | 2023 | -2.25% | -0.96% | View data |
| 10 | 10 South Korea | 18,055,000 | 2023 | +1.98% | +2.24% | View data |
