In 2023, Belgium led European exports of non-numerically controlled horizontal lathes with a significant increase of 120.13% from the previous year. The United Kingdom and Austria also demonstrated robust growths of 57.99% and 61.56% respectively. Conversely, Germany and Bulgaria saw declines in their exports, with Germany decreasing by 9.95% and Bulgaria by 11.03%. Across a five-year span, the overall Compound Annual Growth Rate (CAGR) provides insights into the market's trajectory, but attention must be given to the volatile nature and varied performance among individual countries.
Future trends to observe include:
- Technological advancements and their impact on non-numerically controlled machinery exports.
- Economic shifts within key exporting countries like Belgium, which might influence market dynamics.
- Policy changes in trade between the European Union and its trading partners affecting export volumes.
Top countries in Export of Non-Numerically Controlled Horizontal Lathes for Removing Metal by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 10,580 | 2023 | +40.1% | +120.13% | View data |
| 2 | 2 United Kingdom | 6,520 | 2023 | -3.31% | +57.99% | View data |
| 3 | 3 Italy | 3,900 | 2023 | +69.58% | +27.87% | View data |
| 4 | 4 Austria | 3,830 | 2023 | +2.89% | +61.56% | View data |
| 5 | 5 Germany | 1,200 | 2023 | +3.8% | -9.95% | View data |
| 6 | 6 Netherlands | 1,070 | 2021 | +2.38% | +43.75% | View data |
| 7 | 7 Sweden | 751 | 2023 | +6.06% | +13.48% | View data |
| 8 | 8 Bulgaria | 709 | 2023 | -9.77% | -11.03% | View data |
| 9 | 9 France | 252 | 2023 | 0% | +31.43% | View data |
| 10 | 10 Poland | 185 | 2023 | -0.54% | +3.76% | View data |
