The United Kingdom dominated the European import of rotary converters with a 77.41% share in 2023, though it experienced a slight decline of 2.49% year-on-year. Notable growth was seen in Denmark and Malta, with variations of 67.09% and 85.71%, respectively. Hungary, Spain, Sweden, and Portugal demonstrated significant increases, whereas France and Slovakia saw substantial decreases. Latvia and Luxembourg also showed strong growth in a smaller context, with notable high percentages. The Compounded Annual Growth Rate (CAGR) over the past five years suggests similar trends, with growth observed in smaller markets.
Future trends to watch include the continued potential growth in smaller markets, such as Malta and Slovenia, and the potential stabilization or further decline in major importing countries like the United Kingdom. Additionally, it would be beneficial to monitor any economic or regulatory changes that may impact the import dynamics within Europe, as these could shift the balance of trade and influence market share distribution.
Top countries in Import of Rotary Converters Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 77.41 | 2023 | -0.41% | -2.49% | View data |
| 2 | 2 Hungary | 5.92 | 2023 | +5.97% | +10.9% | View data |
| 3 | 3 Denmark | 5.51 | 2023 | +20.35% | +67.09% | View data |
| 4 | 4 Spain | 3.63 | 2023 | +7.65% | +10.68% | View data |
| 5 | 5 Slovakia | 2.92 | 2023 | +5.3% | -2.82% | View data |
| 6 | 6 France | 2.6 | 2023 | +19.86% | -17.2% | View data |
| 7 | 7 Sweden | 1.39 | 2023 | +12.39% | +10.73% | View data |
| 8 | 8 Netherlands | 1.3 | 2023 | +1.79% | +1.01% | View data |
| 9 | 9 Portugal | 1.2 | 2023 | +22% | +10.06% | View data |
| 10 | 10 Germany | 0.83 | 2023 | +21.79% | +9.8% | View data |
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