In 2023, Italy led the European export market of reinforced synthetic or artificial resin grinding tools at 29.38%, followed by Germany at 21.36% and Slovenia at 13.64%. Notable year-on-year changes include Italy's growth of 11.72% and robust increases for Slovakia at 15.05% and Finland at 13.96%. Conversely, Spain and Bulgaria saw declines of 4.94% and 5.43%, respectively. Over the past five years, a mixed trend has been observed among key players, with emerging countries gaining momentum.
Looking forward, technological advancements and eco-friendly manufacturing processes are expected to influence market dynamics. Monitor policy changes and demand shifts in developing nations as potential growth opportunities for European exporters.
Top countries in Export of Millstones, Grindstones, Grinding Wheels and the Like, without Frameworks, of Reinforced Synthetic or Artificial Resin Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 29.38 | 2023 | +0.77% | +11.72% | View data |
| 2 | 2 Germany | 21.36 | 2023 | -2.07% | +0.27% | View data |
| 3 | 3 Slovenia | 13.64 | 2023 | -0.094% | -2.16% | View data |
| 4 | 4 Poland | 11.33 | 2023 | +0.37% | +0.024% | View data |
| 5 | 5 Austria | 8.56 | 2023 | +7.29% | -0.39% | View data |
| 6 | 6 Netherlands | 6.81 | 2023 | +0.92% | -1.92% | View data |
| 7 | 7 Czechia | 4.08 | 2023 | |||
| 8 | 8 Sweden | 0.99 | 2023 | +4.85% | -4.39% | View data |
| 9 | 9 Hungary | 0.91 | 2023 | +1.3% | -1.47% | View data |
| 10 | 10 Belgium | 0.78 | 2023 | +3.28% | +2.53% | View data |
