In 2023, China dominated the global export market for hinges of base metal, commanding a substantial share of over 34%, followed by Germany and Austria with 18.54% and 9.14% respectively. The United States and Italy also played significant roles. A growth trend is notable in countries like Poland, Romania, and Philippines, while Greece and Brazil experienced declines. The compound annual growth rate (CAGR) over the past five years reveals a competitive and dynamic market landscape, witnessing both expansions and contractions in different regions.
Looking forward, expect a continued rise in exports from Asian markets such as China and South Korea, driven by increasing manufacturing capabilities and infrastructural developments. European countries like Slovenia and Bosnia may see further contractions, while emerging markets, including India and Philippines, could capitalize on their growing manufacturing sectors.
Top countries in Export of Hinges of Base Metal Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 34.12 | 2023 | +3.47% | +3.54% | View data |
| 2 | 2 Germany | 18.54 | 2023 | +2.66% | +2.14% | View data |
| 3 | 3 Austria | 9.14 | 2023 | +2.04% | +1.7% | View data |
| 4 | 4 Italy | 6.38 | 2023 | +1.71% | +0.97% | View data |
| 5 | 5 United States | 5.44 | 2023 | +1.73% | +1.71% | View data |
| 6 | 6 Canada | 2.98 | 2023 | -0.084% | +0.54% | View data |
| 7 | 7 Czech Republic | 2.4 | 2023 | +3.04% | +1.65% | View data |
| 8 | 8 South Korea | 2.36 | 2023 | +2.6% | +2.71% | View data |
| 9 | 9 Poland | 2.24 | 2023 | +3.51% | +5.08% | View data |
| 10 | 10 France | 1.6 | 2023 | +2.45% | +1.7% | View data |
