The global export market for machinery to produce felt, nonwovens, and hats is dominated by China, exporting 32.411 million kilograms in 2023 with a year-on-year growth of 4.04%. Other significant players include Germany and Italy, with Germany showing a modest growth of 2.04% and Italy at 3.97%. While countries like Denmark (32.74%) and Hungary (26.75%) experienced notable growth, others like Belgium (-12.75%) and India (-30.9%) faced declines. Over a five-year span, the Compounded Annual Growth Rate (CAGR) reflects different dynamics with varying degrees of market performance across the board.
Future trends may include increased exports from emerging markets like Russia and Australia, which showed high growth rates last year. Established exporters like China and Germany will likely continue to hold significant market share, while recent decliners could either recover or further decline based on technological advancements and geopolitical factors. Monitoring trade policies, technology advancements, and environmental regulations will be crucial in anticipating changes in the global machinery export landscape.
Top countries in Export of Machinery for Making Felt, Nonwovens, Including Hats by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32,411,000 | 2023 | +4.65% | +4.04% | View data |
| 2 | 2 Germany | 11,374,000 | 2023 | +0.59% | +2.04% | View data |
| 3 | 3 Italy | 3,039,300 | 2023 | +3.01% | +3.97% | View data |
| 4 | 4 France | 1,835,500 | 2023 | -2.5% | +4.49% | View data |
| 5 | 5 South Korea | 1,517,700 | 2023 | +1.89% | +1.63% | View data |
| 6 | 6 Austria | 1,154,400 | 2023 | +0.28% | +0.29% | View data |
| 7 | 7 Czech Republic | 999,870 | 2023 | +1.66% | -0.79% | View data |
| 8 | 8 Portugal | 774,530 | 2023 | +2.88% | +2.41% | View data |
| 9 | 9 Spain | 513,190 | 2023 | +3.49% | +5.02% | View data |
| 10 | 10 Singapore | 423,850 | 2023 | +5.1% | +5.67% | View data |
