Germany dominates the European export market for tapping tools, holding the largest share in kilograms. While the Netherlands and Belgium show robust growth, Belgium leads with a significant 30.78% increase year-on-year. Finland, Portugal, and Slovenia also demonstrate strong growth trends. Conversely, Bulgaria, Austria, France, and Ireland experience declines, with Ireland declining sharply by over 20%. This suggests shifting dynamics as smaller exporters expand their market presence.
Looking ahead, trends to watch include the continued growth in the Netherlands and Belgium, potential recovery for countries like Bulgaria and France, and the effects of technological advancements and sustainability practices on production and export volumes across Europe.
Top countries in Export of Tapping Tools for Working Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 60.47 | 2023 | +1.11% | View data | |
| 2 | 2 Italy | 21.11 | 2022 | +113.6% | +28.24% | View data |
| 3 | 3 Netherlands | 10.37 | 2023 | +6.05% | +10.99% | View data |
| 4 | 4 Czechia | 1.74 | 2022 | |||
| 5 | 5 Belgium | 1.69 | 2023 | +7.52% | +30.78% | View data |
| 6 | 6 Spain | 1.05 | 2023 | +2.96% | +1.89% | View data |
| 7 | 7 Bulgaria | 0.79 | 2023 | -1.54% | -4.38% | View data |
| 8 | 8 Austria | 0.71 | 2023 | -0.02% | -10.62% | View data |
| 9 | 9 Hungary | 0.61 | 2023 | -0.17% | -2.75% | View data |
| 10 | 10 France | 0.53 | 2023 | +48.01% | -9.74% | View data |
