In 2023, China dominated the global export market for pipe fittings of malleable iron or steel with significant growth of 2.38% compared to the previous year. The United States and Poland followed, though with modest variation rates of 0.022% and 3.18%, respectively. India and the Netherlands also saw notable increases in export values, while countries like Japan, Brazil, and Singapore experienced declines of more than 6%. Emerging exporters such as Bosnia and Herzegovina and Armenia showed remarkable growth, indicating a shift towards diversified production bases.
Furthermore, countries like Ivory Coast and Senegal witnessed impressive growth trends, showcasing potential new players in the market.
Future trends may see increased growth due to technological advancements and demand in developing regions. The market could further diversify as emerging economies improve their manufacturing capabilities and developed countries invest in infrastructure that requires advanced pipe fitting solutions.
Top countries in Export of Pipe Fittings of Malleable Iron or Steel by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 814,620,000 | 2023 | +2.88% | +2.38% | View data |
| 2 | 2 United States | 179,200,000 | 2023 | +0.43% | +0.022% | View data |
| 3 | 3 Poland | 163,220,000 | 2023 | +4.01% | +3.18% | View data |
| 4 | 4 Italy | 133,170,000 | 2023 | +0.054% | +0.15% | View data |
| 5 | 5 Germany | 131,550,000 | 2023 | +1.59% | +1.58% | View data |
| 6 | 6 Austria | 107,710,000 | 2023 | +0.22% | -0.33% | View data |
| 7 | 7 Belgium | 93,626,000 | 2023 | +2.38% | +2.17% | View data |
| 8 | 8 Thailand | 79,285,000 | 2023 | +2.29% | +1.58% | View data |
| 9 | 9 Netherlands | 59,239,000 | 2023 | +2.96% | +3.34% | View data |
| 10 | 10 India | 54,885,000 | 2023 | +4.75% | +3.76% | View data |
