In 2023, China dominated the global export of machinery for liquefying air or other gases, holding a substantial volume of 40.116 million kilograms with a modest year-on-year growth of 5.55%. Notable increases were observed in Indonesia with a staggering growth of 491.28% and South Korea at 104.42%, reflecting a boost in these nations’ export capacities. In contrast, Germany and Japan experienced declines of 11.08% and 7.5% respectively, indicating market share challenges. The overall trend shows a mix of emerging exporters with robust growth like Slovenia and Croatia, while traditional leaders such as Germany face pressures.
Looking ahead, the market for exporting machinery for liquefying air or gases could see further shifts. Key trends include the potential rise of South Korean and Indonesian exports, supported by technological advancements and market expansion strategies. Additionally, geopolitical factors and trade agreements may alter the landscape, offering new opportunities or restraints in global export dynamics for traditional exporters like Germany and Japan. Monitoring technological innovations and policy changes will be crucial for gauging future growth trajectory across various countries.
Top countries in Export of Machinery for Liquefying Air or Other Gases by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 40,116,000 | 2023 | +5.27% | +5.55% | View data |
| 2 | 2 Belgium | 4,799,200 | 2023 | +3.33% | +33.63% | View data |
| 3 | 3 Spain | 4,639,800 | 2023 | +4.56% | +17.54% | View data |
| 4 | 4 Germany | 2,896,400 | 2023 | -10.61% | -11.08% | View data |
| 5 | 5 United Arab Emirates | 2,511,800 | 2023 | +5.86% | +2.56% | View data |
| 6 | 6 Indonesia | 2,097,300 | 2023 | -4.39% | +491.28% | View data |
| 7 | 7 Italy | 2,042,100 | 2023 | -1.22% | -0.71% | View data |
| 8 | 8 Saudi Arabia | 1,329,400 | 2023 | +3.25% | +103.76% | View data |
| 9 | 9 Netherlands | 1,050,600 | 2023 | +4.19% | -0.96% | View data |
| 10 | 10 South Korea | 984,490 | 2023 | +2.9% | +104.42% | View data |
