Italy leads the export of machine tools for metal cutting in Europe, holding a 21.81% share in 2024, followed by Germany at 19.87% and Belgium at 15.54%. Notably, Belgium and Estonia showed significant year-on-year increases of 36.51% and 47% respectively in 2023. Meanwhile, the United Kingdom faced a decline of -14.19%. Italy and Germany continue gradual growth with 10.56% and 8.95% increases, respectively. Positive growth in less dominant countries like Romania and Greece indicates diversification in export capabilities across Europe, albeit slower than leading exporters.
Future trends to monitor include the potential rise in exports from smaller countries like Ireland, which saw an 86.51% spike last year, and the recovery of countries like the Netherlands and Sweden that experienced significant declines. The development of trade policies, technological advancements and shifts in global demand will significantly impact export volumes, offering opportunities for strategic leveraging within the European sector.
Top countries in Export of Machine Tools for Planing, Sawing, Cutting-Off or Otherwise Cutting Metal Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 21.81 | 2023 | +1.65% | +10.56% | View data |
| 2 | 2 Germany | 19.87 | 2023 | +1.06% | +8.95% | View data |
| 3 | 3 Belgium | 15.54 | 2023 | +21.11% | +36.51% | View data |
| 4 | 4 Austria | 7.24 | 2023 | +11.75% | +22.5% | View data |
| 5 | 5 United Kingdom | 6.79 | 2023 | -15.1% | -14.19% | View data |
| 6 | 6 Denmark | 6.26 | 2023 | +30.58% | +34.86% | View data |
| 7 | 7 Poland | 5.54 | 2023 | +3.83% | -0.017% | View data |
| 8 | 8 Estonia | 3.66 | 2023 | +37.24% | +47% | View data |
| 9 | 9 Czechia | 3.48 | 2023 | |||
| 10 | 10 Spain | 3.21 | 2023 | +10.29% | -7.4% | View data |
