Analysis of European imports of drilling tools with diamond components shows Germany leading the imports, followed by the UK and France. Germany saw a modest growth of 3.56% in 2023, while the UK decreased by 1.7%. France experienced a significant drop of 30.87%. Other countries like Austria and Belgium saw substantial growth. Austria increased by 8.5% and Belgium by 13.14%. Slovakia and Malta were exceptional with increases of 24.7% and 60.39%, respectively, indicating strong growth regions. In contrast, Hungary and Ireland faced declines of 15.88% and 25.46%, respectively.
Future trends to watch include:
- Potential recovery in France's import levels following their significant decrease.
- Continued growth in Austria and Belgium as they show a positive trajectory.
- Emerging markets like Slovakia and Malta could further drive growth in European imports.
- Watch for stabilization efforts in countries like Hungary and Ireland to reverse their downward trends.
Top countries in Import of Drilling Tools with Working Part of Diamond or Agglomerated Diamond by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,103,800 | 2023 | +3.97% | +3.56% | View data |
| 2 | 2 United Kingdom | 519,790 | 2023 | +1.66% | -1.7% | View data |
| 3 | 3 France | 481,130 | 2023 | +5.67% | -30.87% | View data |
| 4 | 4 Austria | 386,630 | 2023 | +14.23% | +8.5% | View data |
| 5 | 5 Netherlands | 277,480 | 2023 | +4.41% | +2.02% | View data |
| 6 | 6 Belgium | 261,550 | 2023 | +2.34% | +13.14% | View data |
| 7 | 7 Poland | 247,530 | 2023 | +4.96% | +10.42% | View data |
| 8 | 8 Italy | 239,990 | 2023 | +6.65% | +7.61% | View data |
| 9 | 9 Spain | 148,610 | 2023 | +8.56% | +5.48% | View data |
| 10 | 10 Czechia | 117,010 | 2023 |
