In 2023, Italy led global exports of parts of metal rolling mills & rolls, despite a 5.3% decline, contributing significantly to the market along with China, whose exports slightly decreased by 0.44%. Germany experienced a notable drop of 7.58%, while India's exports grew by 4.05%, showcasing its rising competitiveness in the market. Meanwhile, the US and UK observed declines of 3.15% and 8.01%, respectively. Bulgaria and the Philippines saw impressive rises in exports by 60.87% and 20.41%, and Chile had an exponential increase of 99.27%.
Future trends to watch include increased competition among India and China as they strive to capture larger market shares, and the potential for improved technological advancements influencing production capacities. Emerging markets, like Bulgaria or Chile, may also become increasingly important players. Global geopolitical shifts, economic uncertainties, and sustainability trends might further influence international trade dynamics in metal rolling equipment exports.
Top countries in Export of Parts of Metal Rolling Mills and Rolls by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 408,820,000 | 2023 | -4.27% | -5.3% | View data |
| 2 | 2 China | 305,410,000 | 2023 | +0.73% | -0.44% | View data |
| 3 | 3 Germany | 114,910,000 | 2023 | -6.55% | -7.58% | View data |
| 4 | 4 India | 103,100,000 | 2023 | +3.04% | +4.05% | View data |
| 5 | 5 Japan | 79,256,000 | 2023 | -8.48% | +1.56% | View data |
| 6 | 6 United States | 68,173,000 | 2023 | -3.22% | -3.15% | View data |
| 7 | 7 South Korea | 56,516,000 | 2023 | +2.67% | +0.21% | View data |
| 8 | 8 Austria | 53,200,000 | 2023 | +0.84% | -1.05% | View data |
| 9 | 9 Canada | 28,661,000 | 2023 | +0.53% | +0.95% | View data |
| 10 | 10 Switzerland | 27,336,000 | 2023 | +0.26% | -0.13% | View data |
