The European export of turning tools in 2023 showcases Italy as the leading exporter with significant growth of 12.12%, followed by Germany and Bulgaria. Noteworthy increases are observed in Ireland (51.25%) and Hungary (74.23%), while Belgium surged by 36.14%. Conversely, significant declines are evident in Spain and Denmark, where exports fell to negligible levels. Over the past five years, compound annual growth rates have revealed both expansions and contractions, with countries like Slovakia and Luxembourg experiencing robust growth.
Future trends to watch include evolving trade policies and technological advancements, influencing demand and cost structures. Additionally, sustainability and eco-friendly manufacturing could become prominent, potentially reshaping production and export dynamics.
Top countries in Export of Turning Tools by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 174,490 | 2023 | +9.95% | +12.12% | View data |
| 2 | 2 Germany | 89,000 | 2023 | +13.56% | -5.5% | View data |
| 3 | 3 Bulgaria | 84,510 | 2023 | +5.96% | +4.85% | View data |
| 4 | 4 France | 41,070 | 2023 | +5.3% | +7.43% | View data |
| 5 | 5 Slovakia | 39,380 | 2023 | +4.3% | +21.95% | View data |
| 6 | 6 Netherlands | 39,030 | 2023 | +0.35% | +18.36% | View data |
| 7 | 7 Austria | 34,100 | 2023 | +1.32% | -2.7% | View data |
| 8 | 8 Portugal | 32,580 | 2023 | +3.48% | -1.31% | View data |
| 9 | 9 Belgium | 23,850 | 2023 | +2.11% | +36.14% | View data |
| 10 | 10 Sweden | 15,880 | 2023 | -0.61% | +1.97% | View data |
