In 2023, Germany dominated European exports of globe valves in steel, holding a substantial 66.56% share by weight. Italy followed distantly at 10.73%, while Denmark, Lithuania, and Hungary reported shares of 4.41%, 4.04%, and 2.37% respectively. Despite the pandemic's impact, several countries like Luxembourg and Malta reported significant positive changes in export volume, increasing by 90.13% and 27.01% respectively. Others faced declines, with Finland and Spain seeing decreases of 21.1% and 13.98%.
Future trends to watch:
- The rising technological innovations and increasing investments in industrial automation may spur further growth in valve production and export.
- German exporters could strengthen their market dominance, driven by technological advancements and an established industrial base.
- Countries such as Austria and Netherlands, noted for considerable growth, may continue to expand their presence through market diversification and strategic partnerships.
Top countries in Export of Globe Valves of Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 66.56 | 2023 | +1.29% | +1.6% | View data |
| 2 | 2 Italy | 10.73 | 2023 | +11.57% | +4.6% | View data |
| 3 | 3 Denmark | 4.41 | 2023 | +20.69% | -7.07% | View data |
| 4 | 4 Lithuania | 4.04 | 2023 | +1.66% | -4.28% | View data |
| 5 | 5 Hungary | 2.37 | 2023 | +3.15% | +6.46% | View data |
| 6 | 6 France | 1.59 | 2023 | +5.58% | -3.29% | View data |
| 7 | 7 Netherlands | 1.23 | 2023 | +2.36% | +7.39% | View data |
| 8 | 8 Austria | 1.21 | 2023 | +2.58% | +14.28% | View data |
| 9 | 9 Poland | 1.03 | 2023 | +1.51% | -0.91% | View data |
| 10 | 10 Romania | 0.52 | 2023 | +2.06% | +1.75% | View data |
