In 2023, Germany led in the import of hydraulic gear pumps into Europe with a value of 1.0705 million units, showing a robust growth rate of 7.89% from the previous year. Italy followed with 0.8775 million units but had a modest year-on-year increase of 0.91%. Belgium saw a significant surge by 22.09% to reach 0.47047 million units. The United Kingdom's imports grew by 3.15%, and France experienced a decline of 4.28%. Greece marked the most notable growth of 72.39%, whereas Malta faced a significant drop of 25.07%.
Countries like Romania, Bulgaria, and Luxembourg also showcased substantial growth, with Romania growing by 11.03%, Bulgaria by 9.76%, and Luxembourg by 28.47%. Meanwhile, imports in Spain, Finland, Slovenia, Lithuania, Portugal, Slovakia, Ireland, Estonia, and Cyprus experienced minor declines. Future trends to monitor include the rapid growth in emerging markets like Greece and Romania, alongside the potential stabilization or decline in traditionally strong markets such as France and Portugal. Watch for technological advancements and economic factors that could further affect import behaviors and market dynamics for hydraulic gear pumps in Europe.
Top countries in Import of Hydraulic Gear Pumps by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,070,500 | 2023 | +0.27% | +7.89% | View data |
| 2 | 2 Italy | 877,500 | 2023 | +7.2% | +0.91% | View data |
| 3 | 3 Belgium | 470,470 | 2023 | +12.87% | +22.09% | View data |
| 4 | 4 United Kingdom | 288,440 | 2023 | +0.77% | +3.15% | View data |
| 5 | 5 France | 270,620 | 2023 | +11.72% | -4.28% | View data |
| 6 | 6 Sweden | 253,250 | 2023 | +4.4% | +0.43% | View data |
| 7 | 7 Greece | 252,270 | 2023 | +44.83% | +72.39% | View data |
| 8 | 8 Romania | 196,380 | 2023 | +5.37% | +11.03% | View data |
| 9 | 9 Bulgaria | 180,750 | 2023 | +5.27% | +9.76% | View data |
| 10 | 10 Netherlands | 147,190 | 2023 | +6.45% | +6.06% | View data |
