In 2023, China dominated the global export of machines for working metal wire, leading with substantial value, followed by Italy and Japan. Although China saw a 3.53% increase, countries like Japan and the U.S. experienced declines of 4.01% and 4.63%, respectively. New Zealand and Ireland revealed the highest year-on-year growth, over 4%. Notably, smaller markets were more volatile, evident in Singapore's sharp -61.45% fall. Over the last five years, Portugal showed resilience with significant positive growth. In contrast, Czech Republic and Finland faced considerable declines.
Future trends to watch include increased automation, technological innovations, and shifts in global manufacturing hubs impacting country export standings. There is potential growth in emerging markets, while developed countries may focus on high-tech and customized machinery.
Top countries in Export of Machines for Working Metal Wire by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 135,220,000 | 2023 | +4.16% | +3.53% | View data |
| 2 | 2 Italy | 88,911,000 | 2023 | +2.67% | -0.059% | View data |
| 3 | 3 Japan | 30,102,000 | 2023 | -2.41% | -4.01% | View data |
| 4 | 4 Switzerland | 26,253,000 | 2023 | -1.98% | -3.75% | View data |
| 5 | 5 Austria | 23,345,000 | 2023 | +1.14% | -0.6% | View data |
| 6 | 6 United States | 19,834,000 | 2023 | -3.84% | -4.63% | View data |
| 7 | 7 France | 11,256,000 | 2023 | +0.48% | +1.1% | View data |
| 8 | 8 New Zealand | 9,910,000 | 2023 | +4.55% | +4.08% | View data |
| 9 | 9 Belgium | 8,334,000 | 2023 | +0.58% | +0.27% | View data |
| 10 | 10 Greece | 7,006,200 | 2023 | +2.1% | -3.22% | View data |
