European exports of machine tools for cutting metal were led by Italy and Germany, with Italy seeing a 10.56% rise, and Germany an 8.95% increase in 2023. Belgium and Denmark experienced significant growth of 36.51% and 34.86%, respectively. Meanwhile, the United Kingdom saw a 14.19% decline. Estonia and Greece noted considerable increase percentages, indicating growing regional strengths. Conversely, the Netherlands and Sweden faced notable declines of over 30% each. Over the last five years, the CAGR indicates steady growth, with some volatility.
Future trends to watch include the potential for Italy and Germany to maintain leadership in the sector, while emerging growth markets such as Estonia and Greece are likely to play increasingly important roles. Adoption of innovative technologies and shifting global demand will contribute to the dynamic export landscape in Europe.
Top countries in Export of Machine Tools for Planing, Sawing, Cutting-Off or Otherwise Cutting Metal by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 69,290 | 2023 | +1.65% | +10.56% | View data |
| 2 | 2 Germany | 63,120 | 2023 | +1.06% | +8.95% | View data |
| 3 | 3 Belgium | 49,360 | 2023 | +21.11% | +36.51% | View data |
| 4 | 4 Austria | 22,990 | 2023 | +11.75% | +22.5% | View data |
| 5 | 5 United Kingdom | 21,560 | 2023 | -15.1% | -14.19% | View data |
| 6 | 6 Denmark | 19,890 | 2023 | +30.58% | +34.86% | View data |
| 7 | 7 Poland | 17,610 | 2023 | +3.83% | -0.017% | View data |
| 8 | 8 Estonia | 11,630 | 2023 | +37.24% | +47% | View data |
| 9 | 9 Czechia | 11,040 | 2023 | |||
| 10 | 10 Spain | 10,190 | 2023 | +10.29% | -7.4% | View data |
