European imports of shank type milling tools for working metal show Germany as the leading importer in 2023, maintaining a stable position with minor year-on-year decline. France and Italy display robust growth with increases of 4% and 8.04% respectively, highlighting strengthening demand. Poland exhibits a significant 14.24% rise, while Bulgaria and Netherlands marked the most impressive spikes at 72.43% and 53.22%. Conversely, the UK experienced a notable decline of 7.28%, with Romania down by 11.73%. Finland and Cyprus also registered declines, indicating potential market challenges. Overall, the sector's five-year CAGR indicates varied growth trends across these countries.
Future trends in European import of shank type milling tools may include:
- Technological advancements in manufacturing processes potentially boosting tool efficiency and demand.
- Increased focus on digitalization within industry practices driving up tool use.
- Continued economic recovery post-pandemic likely influencing import patterns, particularly in countries currently showing declines.
- Potential supply chain disruptions or geopolitical shifts affecting trade dynamics.
Top countries in Import of Shank Type Milling Tools for Working Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 570,680 | 2023 | +0.95% | -0.31% | View data |
| 2 | 2 France | 211,560 | 2023 | +6.18% | +4% | View data |
| 3 | 3 Italy | 156,100 | 2023 | +4.4% | +8.04% | View data |
| 4 | 4 Poland | 145,910 | 2023 | +5.5% | +14.24% | View data |
| 5 | 5 Spain | 88,680 | 2021 | +231.7% | -1.26% | View data |
| 6 | 6 Czechia | 85,790 | 2021 | |||
| 7 | 7 United Kingdom | 85,100 | 2023 | -9.63% | -7.28% | View data |
| 8 | 8 Austria | 74,920 | 2023 | +3.23% | +4.38% | View data |
| 9 | 9 Netherlands | 68,990 | 2023 | +0.98% | +53.22% | View data |
| 10 | 10 Slovakia | 53,620 | 2023 | +2.92% | +8.46% | View data |
