In 2023, China dominated the global export of staples of base metal, controlling 58.42% of the market share by weight. The Netherlands, Germany, and the United States followed, with China showing a positive year-on-year growth of 3.0%. Among notable variations, Poland surged with an 11.23% increase, while the United Kingdom faced a drastic decline of 16.8%. Macedonia experienced the highest growth rate, soaring by 68.61%, whereas Indonesia plummeted by 33.15%. The compound annual growth rate (CAGR) for the top markets over the last five years will provide deeper insights into sustained trends and market shifts.
Future trends to watch include:
- Potential continuation of China's dominance in export quantities, bolstered by its economic strategies and manufacturing capabilities.
- Varying performances across European countries, notably Poland's growth trajectory and Germany's fluctuating share.
- Shifts in trade dynamics influenced by geopolitical factors, impacting Russia's growth and Ukraine's decline.
- Monitoring emerging markets, such as Macedonia, for upcoming changes in export contributions.
- Tracking technological advancements and trade policies affecting overall metal industries and inter-country cooperation.
Top countries in Export of Staples of Base Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 58.42 | 2023 | +2.6% | +3% | View data |
| 2 | 2 Netherlands | 6.22 | 2023 | +3.42% | +1.57% | View data |
| 3 | 3 Germany | 5.03 | 2023 | -1.61% | -1.44% | View data |
| 4 | 4 United States | 3.4 | 2023 | -1.32% | +0.58% | View data |
| 5 | 5 Poland | 2.84 | 2023 | +3.99% | +11.23% | View data |
| 6 | 6 India | 2.59 | 2023 | +3.76% | +3.58% | View data |
| 7 | 7 France | 2.27 | 2023 | +1.05% | -1.12% | View data |
| 8 | 8 Belgium | 2.06 | 2023 | +0.96% | +1.96% | View data |
| 9 | 9 Italy | 1.96 | 2023 | -0.7% | +0.011% | View data |
| 10 | 10 Croatia | 1.83 | 2023 | +3.13% | +4.3% | View data |
