In 2023, Germany dominated the global export market of numerically controlled lathes for removing metal, followed by Italy and South Korea. Noticeable growth came from Malaysia and Lithuania, both showing double-digit year-on-year percentage increases. Poland and Netherlands experienced significant declines, indicating potential challenges. The compound annual growth rates (CAGR) over the last five years reveal continued strength from countries like China, with steady increases, while Russia and Sweden faced consistent declines.
As we look toward future trends, emerging markets like Malaysia and Lithuania could be key players if their growth persists. Additionally, technological advancements and shifts toward automation might enhance the export potential for countries heavily investing in innovation. Monitoring geopolitical developments and trade agreements will be crucial in understanding shifts in export standings and exploring new markets.
Top countries in Export of Lathes Numerically Controlled for Removing Metal by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 535,280,000 | 2023 | +2.23% | +0.89% | View data |
| 2 | 2 Italy | 204,510,000 | 2023 | +1.85% | +1.07% | View data |
| 3 | 3 South Korea | 141,040,000 | 2023 | +2.53% | -0.015% | View data |
| 4 | 4 Japan | 138,800,000 | 2023 | -2.38% | -2.99% | View data |
| 5 | 5 China | 115,720,000 | 2023 | +4.88% | +4.34% | View data |
| 6 | 6 United States | 48,892,000 | 2023 | +1.36% | +2.79% | View data |
| 7 | 7 Philippines | 37,292,000 | 2023 | +5.51% | +3.38% | View data |
| 8 | 8 Belgium | 37,240,000 | 2023 | +1.88% | +1.68% | View data |
| 9 | 9 Spain | 29,960,000 | 2023 | +4.28% | +0.13% | View data |
| 10 | 10 Czech Republic | 23,830,000 | 2023 | -4.32% | -3.84% | View data |
