The global export market for castors of base metal is dominated by China with a significant lead, followed by Malaysia and Germany. In 2023, China's exports showed a modest increase, while notable growth was observed in Poland and Belarus. Countries like the United States, France, and Japan experienced a decline in exports. The overall CAGR over the past five years indicates a steady expansion, with emerging markets like Estonia and the Philippines showing significant growth.
Future trends to watch include China's continued dominance and potential market dynamics in Asia driven by rising industrial manufacturing, shifts in European manufacturing hubs, and potential supply chain optimizations globally. Technological advancements will likely lead to more efficient castor production and diverse market applications.
Top countries in Export of Castors of Base Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 107,490,000 | 2023 | +2.92% | +2.99% | View data |
| 2 | 2 Malaysia | 10,389,000 | 2023 | +1.14% | +0.8% | View data |
| 3 | 3 Germany | 9,506,700 | 2023 | +1.34% | +1.58% | View data |
| 4 | 4 Italy | 6,153,900 | 2023 | +0.98% | +0.47% | View data |
| 5 | 5 Czech Republic | 4,037,600 | 2023 | +4.18% | +2.39% | View data |
| 6 | 6 Ireland | 3,745,300 | 2023 | +2.32% | +3.77% | View data |
| 7 | 7 United Kingdom | 3,633,400 | 2023 | +2.1% | +7.09% | View data |
| 8 | 8 United States | 2,935,200 | 2023 | -1.57% | -1.21% | View data |
| 9 | 9 Netherlands | 2,751,700 | 2023 | +3.42% | +4.36% | View data |
| 10 | 10 Belgium | 2,355,800 | 2023 | +1.72% | +1.27% | View data |
