The European import market for tapping tools for working metal saw a significant share led by the Netherlands at 40.43%, followed by Germany and France. The 2023 year-on-year data shows substantial growth for countries like the Netherlands (34.57%) and Luxembourg (21.02%), while others like Cyprus and Malta witnessed notable declines. Over the past five years, these imports have exhibited varied growth rates, with key nations experiencing steady or declining trends due to fluctuations in industrial activities and manufacturing outputs.
Future trends to watch include:
- Increased demand from emerging industries in Eastern Europe which may shift market dynamics.
- A potential shift in trade patterns post-Brexit impacts affecting UK-based imports.
- Technological advancements influencing production processes and reducing import reliance.
- Evolving import regulations and tariffs which could affect overall import volumes.
Top countries in Import of Tapping Tools for Working Metal Share by Country (Kilograms)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Netherlands | 40.43 | 2023 | -0.15% | +34.57% | View data |
2 | 2 Germany | 16.06 | 2023 | +6.34% | +1.53% | View data |
3 | 3 France | 8.7 | 2023 | +5.51% | -1.14% | View data |
4 | 4 Italy | 5.39 | 2023 | +4.43% | +3.06% | View data |
5 | 5 Austria | 5.33 | 2023 | +2.69% | +0.61% | View data |
6 | 6 Poland | 3.91 | 2023 | +4.03% | +3.1% | View data |
7 | 7 Czechia | 3.25 | 2023 | |||
8 | 8 United Kingdom | 2.71 | 2023 | -3.37% | -3.17% | View data |
9 | 9 Belgium | 2.4 | 2023 | +1.6% | +13.9% | View data |
10 | 10 Spain | 2.12 | 2023 | +3.1% | -3.71% | View data |