In 2023, China dominated the global export market for machines for working metal wire with a share of 33.75% in USD terms, reflecting a growth of 3.53% from the previous year. Italy followed with a share of 22.19%, but experienced a slight decline. Japan and Switzerland also saw drops in their market share, while notable growth was observed in New Zealand, Ireland, and Poland. The United States and other European countries like Denmark and Spain faced significant declines. Emerging players like Portugal and the Philippines showed strong growth, while South Korea and Singapore posted substantial decreases.
Looking ahead, trends suggest an increasing diversification of export sources, with Asian and smaller European markets anticipated to gain ground. Factors to watch include technological advancements in machinery, shifts in trade agreements, and sustainability demands that may influence production and export strategies. The prominence of China is likely to persist, but opportunities for growth in underrepresented markets will demand adaptation and innovation from traditional exporters.
Top countries in Export of Machines for Working Metal Wire Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 33.75 | 2023 | +4.16% | +3.53% | View data |
| 2 | 2 Italy | 22.19 | 2023 | +2.67% | -0.059% | View data |
| 3 | 3 Japan | 7.51 | 2023 | -2.41% | -4.01% | View data |
| 4 | 4 Switzerland | 6.55 | 2023 | -1.98% | -3.75% | View data |
| 5 | 5 Austria | 5.83 | 2023 | +1.14% | -0.6% | View data |
| 6 | 6 United States | 4.95 | 2023 | -3.84% | -4.63% | View data |
| 7 | 7 France | 2.81 | 2023 | +0.48% | +1.1% | View data |
| 8 | 8 New Zealand | 2.47 | 2023 | +4.55% | +4.08% | View data |
| 9 | 9 Belgium | 2.08 | 2023 | +0.58% | +0.27% | View data |
| 10 | 10 Greece | 1.75 | 2023 | +2.1% | -3.22% | View data |
