The European export of turning tools in kilograms in 2023 shows Italy leading with a 34.95% share, followed by Germany and Bulgaria at 17.83% and 16.93% respectively. Noteworthy, Slovakia and the Netherlands demonstrated remarkable growth at 21.95% and 18.36% increase, while Belgium experienced a significant 36.14% rise. Conversely, Spain and Denmark's shares saw substantial declines.
Over the past five years, Hungary showed a notable upward trend with a CAGR that suggests significant growth, while countries like Slovenia and Latvia noted declines.
Future trends to watch include potential shifts influenced by technological advancements in manufacturing processes and policy changes within the European Union that could affect trade dynamics.
Top countries in Export of Turning Tools Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.95 | 2023 | +9.95% | +12.12% | View data |
| 2 | 2 Germany | 17.83 | 2023 | +13.56% | -5.5% | View data |
| 3 | 3 Bulgaria | 16.93 | 2023 | +5.96% | +4.85% | View data |
| 4 | 4 France | 8.23 | 2023 | +5.3% | +7.43% | View data |
| 5 | 5 Slovakia | 7.89 | 2023 | +4.3% | +21.95% | View data |
| 6 | 6 Netherlands | 7.82 | 2023 | +0.35% | +18.36% | View data |
| 7 | 7 Austria | 6.83 | 2023 | +1.32% | -2.7% | View data |
| 8 | 8 Portugal | 6.53 | 2023 | +3.48% | -1.31% | View data |
| 9 | 9 Belgium | 4.78 | 2023 | +2.11% | +36.14% | View data |
| 10 | 10 Sweden | 3.18 | 2023 | -0.61% | +1.97% | View data |
