In 2023, China dominated the export market for handheld torches used in soldering, brazing, or welding, with a notable market share. Mexico and Austria followed with significant contributions as well. The United States, Poland, and Italy held moderate shares, while countries like Estonia, Belgium, and the UK had smaller yet relevant participations. Noteworthy growth was observed from Estonia, Latvia, and Finland, while Brazil and South Africa experienced considerable declines over the observed period. The consistent expansion of networks in emerging markets could challenge traditional powerhouses like China and Mexico in the coming years.
Future trends to watch include the potential for increased automation and technological advancements, which may drive demand in countries investing heavily in manufacturing. The impact of trade policies and environmental regulations will also be crucial in shaping export dynamics. Monitoring these factors could reveal shifting market leaders and emerging opportunities.
Top countries in Export of Torches, Hand-Held, for Soldering, Brazing or Welding Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 26.62 | 2023 | +3.72% | +3.45% | View data |
| 2 | 2 Mexico | 15.88 | 2023 | +2.37% | +1.53% | View data |
| 3 | 3 Austria | 15.42 | 2023 | +2.19% | +2.57% | View data |
| 4 | 4 United States | 7.39 | 2023 | +0.43% | +0.31% | View data |
| 5 | 5 Poland | 6.86 | 2023 | +4.14% | +2.13% | View data |
| 6 | 6 Italy | 6.14 | 2023 | +1.18% | +1.28% | View data |
| 7 | 7 Germany | 5.97 | 2023 | -0.2% | -0.47% | View data |
| 8 | 8 Estonia | 2.4 | 2023 | +5.49% | +5.09% | View data |
| 9 | 9 Belgium | 2.07 | 2023 | +1.55% | +1.53% | View data |
| 10 | 10 United Kingdom | 1.67 | 2023 | -4.22% | -4.14% | View data |
