In 2023, Germany led the global export market for prepared binders for foundry moulds or cores with a value of $86.505 million, closely followed by the United States at $83.39 million. Emerging markets like India and Poland exhibited significant growth at 4.03% and 4.69% respectively. A notable trend was the substantial declines in Belgium (-15.4%), Denmark (-17%), and Finland (-23.02%). At the same time, countries like Romania and Bulgaria saw remarkable surges of 8.49% and 17.76%. Uganda and El Salvador also experienced astronomical growth, albeit from small bases.
Looking to the future, watch for advancements in sustainable and eco-friendly binder products which may shift the export landscape. The focus could move towards countries investing in greener technologies, potentially impacting their market shares. High growth rates in emerging regions could alter the competitive dynamics alongside advancements in manufacturing processes and automation in foundry industries worldwide.
Top countries in Export of Prepared Binders for Foundry Moulds or Cores by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 86,505,000 | 2023 | +2.02% | +1.01% | View data |
| 2 | 2 United States | 83,390,000 | 2023 | +3.33% | +2.79% | View data |
| 3 | 3 China | 53,951,000 | 2023 | +3.67% | +2.32% | View data |
| 4 | 4 United Kingdom | 43,152,000 | 2023 | +3.64% | +3.42% | View data |
| 5 | 5 Italy | 40,980,000 | 2023 | +3.01% | +2.32% | View data |
| 6 | 6 Canada | 31,650,000 | 2023 | +2.67% | -0.0098% | View data |
| 7 | 7 Spain | 26,296,000 | 2023 | +3.6% | +5.15% | View data |
| 8 | 8 Czech Republic | 24,107,000 | 2023 | +3.51% | -3.29% | View data |
| 9 | 9 India | 18,690,000 | 2023 | +3.93% | +4.03% | View data |
| 10 | 10 Austria | 10,288,000 | 2023 | -2.22% | -1.46% | View data |
