In 2023, Thailand emerged as a leader in the global export market for numerically controlled sharpening machines, with a value of 114.63 million USD, closely followed by Germany at 113.17 million USD. Japan, Switzerland, and Australia are also significant contributors. Countries such as India and Poland have shown high growth rates over the last two years, at 6.57% and 19.84% respectively. However, markets like Belgium, Russia, and South Africa saw declines. Over a 5-year period, the compound annual growth rate (CAGR) highlights consistency in growth for countries like Lithuania and Poland, contrasting with declines in Singapore and Czech Republic.
Looking ahead, the global export market for these machines is likely to be influenced by technological advancements in automation and precision engineering. Countries investing in innovation and skill development, like India and Poland, may continue experiencing growth. Meanwhile, economic fluctuations and geopolitical factors could impact the robustness of exports from regions with declining trends.
Top countries in Export of Numerically Controlled Sharpening (Tool, Cutter Grind) Machines by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 114,630,000 | 2023 | +4.69% | +3.63% | View data |
| 2 | 2 Germany | 113,170,000 | 2023 | +2.82% | +2.72% | View data |
| 3 | 3 Japan | 56,759,000 | 2023 | +2.18% | +0.024% | View data |
| 4 | 4 Switzerland | 50,615,000 | 2023 | +1.59% | -2.16% | View data |
| 5 | 5 Australia | 29,122,000 | 2023 | +5.22% | +1.26% | View data |
| 6 | 6 China | 21,465,000 | 2023 | +4.97% | +3.63% | View data |
| 7 | 7 United States | 15,809,000 | 2023 | +2.34% | +1.09% | View data |
| 8 | 8 Italy | 9,621,200 | 2023 | +2.56% | +2.64% | View data |
| 9 | 9 France | 8,543,100 | 2023 | +4.96% | +3.37% | View data |
| 10 | 10 United Kingdom | 7,490,500 | 2023 | -0.67% | +1.43% | View data |
