In 2023, China's dominance in global exports of carbon articles for electrical use continued, showing a 2.07% increase year-on-year. India, while far behind China, also reported growth at 1.11%, indicating a strengthening market position. In contrast, key economies such as Japan and Germany faced declines of 0.36% and 1.46%, respectively. Notable growth stories include Lithuania and Latvia, with significant year-on-year growth of 1.1% and 24.3%, respectively. However, North America showed mixed trends, with Canada’s exports plummeting by 26.18%, contrasting slightly with a lesser decline in the United States.
Future trends to watch in 2024 involve continued growth in Asian markets, with China and India likely expanding their market shares. Additionally, emerging European countries like Poland and Estonia are expected to become significant players. Geopolitical developments and technological advancements will likely influence these trends significantly, potentially shifting trade dynamics globally.
Top countries in Export of Articles of Carbon Used for Electrical Purpose by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 4,369,900,000 | 2023 | +5.09% | +2.07% | View data |
| 2 | 2 India | 1,148,500,000 | 2023 | +5.49% | +1.11% | View data |
| 3 | 3 Spain | 978,160,000 | 2023 | +4.68% | +0.46% | View data |
| 4 | 4 Japan | 928,080,000 | 2023 | +2.32% | -0.36% | View data |
| 5 | 5 Germany | 630,370,000 | 2023 | +2.1% | -1.46% | View data |
| 6 | 6 France | 463,860,000 | 2023 | +2.96% | -0.59% | View data |
| 7 | 7 Netherlands | 442,930,000 | 2023 | +2.08% | +1.22% | View data |
| 8 | 8 United States | 372,840,000 | 2023 | +1.57% | -0.92% | View data |
| 9 | 9 Russia | 363,590,000 | 2023 | +4.44% | +1.22% | View data |
| 10 | 10 Austria | 317,020,000 | 2023 | +3.59% | +0.089% | View data |
