In 2023, China dominated the global export of machine tools for finishing metals, holding a significant majority share of over 94%. India and the United States trailed far behind with around 3% and 2% respectively. Notable growth was observed in Poland (13.51%) and Macedonia (74.11%), despite their smaller overall shares, while countries like the Czech Republic, Denmark, and Finland experienced declines. Italy and the United Kingdom also saw decreases in export shares, highlighting a shift in global market dynamics.
Looking forward, the global market for machine tools for finishing metals is likely to see increased competition. Emerging economies could further expand their participation in this sector. Factors to watch include technological advancements, trade policies, and sustainability initiatives influencing manufacturing practices across regions.
Top countries in Export of Machine Tools for Finishing Metals Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 94.68 | 2023 | +1.23% | +0.95% | View data |
| 2 | 2 India | 3.02 | 2023 | +5.39% | +3.53% | View data |
| 3 | 3 United States | 2.02 | 2023 | +2.39% | +1.16% | View data |
| 4 | 4 Italy | 0.44 | 2023 | +1.75% | -3.74% | View data |
| 5 | 5 United Kingdom | 0.37 | 2023 | -9.1% | -4.91% | View data |
| 6 | 6 Netherlands | 0.35 | 2023 | -1.64% | +3.8% | View data |
| 7 | 7 Poland | 0.34 | 2023 | -22.23% | +13.51% | View data |
| 8 | 8 Malaysia | 0.25 | 2023 | -0.41% | -8.17% | View data |
| 9 | 9 Switzerland | 0.19 | 2023 | +5.51% | +1.54% | View data |
| 10 | 10 Hungary | 0.12 | 2023 | +5.53% | +5.67% | View data |
