In 2023, China's dominance in the global export market for parts of equipment for metallurgy and foundries is evident, contributing significantly more than any other country. Despite a slight decline of 0.42%, China remains far ahead of Germany and Italy. Among the notable trends, Canada shows a positive growth of 2.25%, whereas Switzerland and Austria experience significant declines. Emerging suppliers like the Czech Republic and the Philippines show strong growth, indicating diversification of export sources.
Future trends to watch include increased exports from countries like Portugal, with substantial gains, and the impact of transformative technologies and sustainability trends in metallurgy equipment on global trade patterns. Monitor China's market adaptability to maintain its leading position amidst these changes.
Top countries in Export of Parts of Equipment for Metallurgy, Foundries Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 29.28 | 2023 | +1.4% | -0.42% | View data |
| 2 | 2 Germany | 12.98 | 2023 | -0.85% | -0.57% | View data |
| 3 | 3 Italy | 11.92 | 2023 | -1.4% | -1.49% | View data |
| 4 | 4 United States | 9.19 | 2023 | -0.49% | -1.43% | View data |
| 5 | 5 Canada | 8.08 | 2023 | +1.48% | +2.25% | View data |
| 6 | 6 Japan | 6.59 | 2023 | +1.47% | +0.48% | View data |
| 7 | 7 Switzerland | 4.04 | 2023 | -2.4% | -2.21% | View data |
| 8 | 8 Spain | 3.3 | 2023 | +3.27% | +2.08% | View data |
| 9 | 9 India | 2.45 | 2023 | +2.98% | -1.01% | View data |
| 10 | 10 Austria | 1.95 | 2023 | -12.04% | -10.45% | View data |
