The global export of nuts made of iron or steel is dominated by China, accounting for 22.31% of the market in 2023, followed by Germany and the United States. Despite growth in most countries, some like India and Ukraine saw declines. The United States had the highest year-on-year increase at 2.63%, while Poland's share notably decreased by 12.63%. Smaller markets like Azerbaijan and Mauritius experienced explosive growth. Overall, developed countries are the main exporters, with steady gains in several emerging markets.
Looking forward, growth is expected to stabilize with Asia and Europe maintaining dominance, while emerging markets like Africa continue gaining traction. Market players should monitor geopolitical changes and technological advances impacting production and supply chains.
Top countries in Export of Nuts of Iron or Steel Share by Country (US Dollars)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 22.31 | 2023 | +3.48% | +2.51% | View data |
2 | 2 Germany | 16.95 | 2023 | +2.72% | +2.44% | View data |
3 | 3 United States | 12.8 | 2023 | +1.92% | +2.63% | View data |
4 | 4 Japan | 11.93 | 2023 | +1.42% | +0.33% | View data |
5 | 5 France | 6.56 | 2023 | +3.09% | +2.68% | View data |
6 | 6 South Korea | 4.17 | 2023 | +3.8% | +4.17% | View data |
7 | 7 Italy | 3.72 | 2023 | +3.07% | +2.69% | View data |
8 | 8 Canada | 2.62 | 2023 | +3.15% | +3.73% | View data |
9 | 9 Netherlands | 2.08 | 2023 | +1.29% | +1.67% | View data |
10 | 10 United Kingdom | 2 | 2023 | +2.78% | +2.59% | View data |