The data reveals a dominant R&D presence in China with 85.12 units, reflecting significant investment and growth in the sector, bolstered by a 4.92% increase year-on-year. Japan and South Korea follow, with 5.35 and 2.9 units respectively, highlighting a contrasting decline of 1.38% in Japan but an encouraging 2.25% growth for South Korea. Notably, European countries like Germany show moderate growth (0.66%), while Italy sees a more substantial increase at 3.18%. Emerging markets like Poland have a 4.59% growth, and the UK shows a slight uptick. New Zealand highlights a significant surge of 29.1%, albeit from a smaller base.
Future trends to watch include the continued rise of China and potential competitive advancements in South Korea and Italy. The growth rates suggest an increasing importance for emerging markets and the need for established markets like Japan to innovate to retain their global standing. Global economic changes, technological advancements, and policy shifts will play pivotal roles in shaping the R&D landscape in basic iron and steel manufacturing.
Top countries in Total Internal R&D Personnel in Manufacture of Basic Iron and Steel; Casting of Iron and Steel. Share by Country (Units (Full-Time Equivalent))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 85.12 | 2023 | +4.39% | +4.92% | View data |
| 2 | 2 Japan | 5.35 | 2023 | -0.22% | -1.38% | View data |
| 3 | 3 South Korea | 2.9 | 2023 | +2.27% | +2.25% | View data |
| 4 | 4 Germany | 2.33 | 2023 | +0.66% | +0.66% | View data |
| 5 | 5 Italy | 1.07 | 2023 | +1.89% | +3.18% | View data |
| 6 | 6 United Kingdom | 0.76 | 2023 | +2.21% | +0.69% | View data |
| 7 | 7 Taiwan | 0.62 | 2023 | +1.33% | +0.72% | View data |
| 8 | 8 Poland | 0.4 | 2023 | +4.88% | +4.59% | View data |
| 9 | 9 Spain | 0.35 | 2023 | -0.51% | -1.17% | View data |
| 10 | 10 Canada | 0.098 | 2023 | -8.73% | -6.85% | View data |
