In 2023, Europe's import of turning tools was led by Germany, Romania, and France, with Germany holding a 15.81% share by kilograms. The Netherlands and Portugal were also significant importers, although the Netherlands experienced a considerable decline of 15.71%. Other countries like Ireland and Estonia showed substantial increases, with Estonia experiencing a remarkable 124.94% growth. In contrast, Slovenia and Finland saw reductions in their import shares. Over the last five years, the Compound Annual Growth Rate (CAGR) highlights fluctuations and limited consistency across most countries.
Future trends to watch include:
- A potential rebound or further decline in the Netherlands' imports.
- Continued growth potential in Ireland and Estonia based on recent surges.
- The impact of economic shifts on overall European import dynamics, particularly in emerging markets like Luxembourg.
Top countries in Import of Turning Tools Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.81 | 2023 | +7.75% | +7.6% | View data |
| 2 | 2 Romania | 14.38 | 2023 | +5.29% | +5.62% | View data |
| 3 | 3 France | 13.1 | 2023 | +7.18% | +9.32% | View data |
| 4 | 4 Netherlands | 11.98 | 2023 | +3.2% | -15.71% | View data |
| 5 | 5 Portugal | 10.18 | 2023 | +3.07% | -0.31% | View data |
| 6 | 6 United Kingdom | 5.67 | 2023 | +0.15% | -1.16% | View data |
| 7 | 7 Belgium | 4.85 | 2023 | +6.6% | -5.21% | View data |
| 8 | 8 Ireland | 3.65 | 2023 | +10.42% | +8.16% | View data |
| 9 | 9 Italy | 3.24 | 2023 | +2.57% | +8.97% | View data |
| 10 | 10 Spain | 2.8 | 2023 | +9.36% | +3.03% | View data |
