In 2023, China dominated the global export market for pins made of iron or steel, excluding safety pins, with a significant share. South Korea and Japan followed as major contributors. Notable year-on-year changes were seen in Malaysia, with a sharp decline, and Slovenia, which showed substantial growth. Countries like Denmark and Romania exhibited remarkable increases in export shares, while France and Mauritius experienced significant drop-offs.
Looking ahead, global exports of pins are expected to be impacted by economic and trade policies, sustainability measures, and technological advancements. Key trends to watch include China's ongoing market leadership, emerging export potentials in developing countries, and the resilience of European markets despite mixed performances.
Top countries in Export of Pins of Iron or Steel, Except Safety Pins Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72.59 | 2023 | -2.18% | -1.46% | View data |
| 2 | 2 South Korea | 8.77 | 2023 | +3.43% | +3.43% | View data |
| 3 | 3 Japan | 5.38 | 2023 | -3.54% | -3.81% | View data |
| 4 | 4 Germany | 2.37 | 2023 | +1.96% | +1.95% | View data |
| 5 | 5 Malaysia | 2.06 | 2023 | -27.81% | -20.04% | View data |
| 6 | 6 Czech Republic | 0.92 | 2023 | -1.99% | +1.13% | View data |
| 7 | 7 Indonesia | 0.77 | 2023 | +4.44% | +4.34% | View data |
| 8 | 8 Netherlands | 0.67 | 2023 | +4.41% | +3.56% | View data |
| 9 | 9 Thailand | 0.62 | 2023 | +2.31% | +1.86% | View data |
| 10 | 10 Mexico | 0.38 | 2023 | +2.7% | +2.97% | View data |
