The European export of hydraulic gear pumps is led by Italy (€1.94 million), Germany (€1.46 million), and Bulgaria (€0.87 million). Italy's growth was modest at 0.13% in 2023, while Germany saw a robust rise of 1.99%. Bulgaria experienced a decrease of 0.79%, highlighting potential challenges. Significant growth was noted in Denmark (33.77%), Ireland (22.29%), and Luxembourg (76.02%). Conversely, the United Kingdom's exports saw a drastic decline of 100%, signaling potential market exit. Concerns lie in France's drop of 16.67% and Spain's 27.99% reduction.
Looking ahead, watch for potential market shifts due to increased innovation and demand for green technology in hydraulic systems. Countries showing recent growth, such as Denmark and Ireland, could continue on upward trends. Conversely, nations like the United Kingdom and Spain need strategic approaches to regain competitiveness. Future developments in technology, global trade policies, and investment in infrastructure will critically influence exports.
Top countries in Export of Hydraulic Gear Pumps by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,935,500 | 2023 | +1.82% | +0.13% | View data |
| 2 | 2 Germany | 1,463,400 | 2023 | +5.12% | +1.99% | View data |
| 3 | 3 Bulgaria | 869,070 | 2023 | +2.51% | -0.79% | View data |
| 4 | 4 Czechia | 657,300 | 2023 | |||
| 5 | 5 Romania | 294,570 | 2023 | +3.82% | +1.7% | View data |
| 6 | 6 Belgium | 240,040 | 2023 | +18.77% | +22.62% | View data |
| 7 | 7 Netherlands | 90,900 | 2023 | +8.51% | +3.84% | View data |
| 8 | 8 France | 69,630 | 2023 | +99.58% | -16.67% | View data |
| 9 | 9 Austria | 28,050 | 2023 | +13.54% | +5.47% | View data |
| 10 | 10 United Kingdom | 24,990 | 2023 | -24.79% | View data |
