The global export market for pipe fittings of malleable iron or steel in 2023 was dominated by China, with a 36.21% share, reflecting its continued growth with a 2.38% year-on-year increase. The next largest players, the United States and Poland, had shares of 7.97% and 7.26%, respectively, also showing growth, particularly Poland with a 3.18% increase. Notably, countries like India and the Netherlands have emerged as strong performers with significant year-on-year growth rates of 3.76% and 3.34%, respectively. In contrast, countries like Japan and Brazil saw declines of -6.68% and -9.56%, respectively. The Philippines and Armenia showed remarkable growth rates, reflecting strong regional demand.
Future trends to watch include:
- China's continued market dominance driven by increased manufacturing capacity and exports.
- Potential shifts towards greater market shares by developing countries like India and ASEAN nations.
- A renewed focus on sustainable manufacturing might influence demand and production processes in the sector.
- Geopolitical developments may alter trade routes and partnerships affecting export dynamics.
Top countries in Export of Pipe Fittings of Malleable Iron or Steel Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 36.21 | 2023 | +2.88% | +2.38% | View data |
| 2 | 2 United States | 7.97 | 2023 | +0.43% | +0.022% | View data |
| 3 | 3 Poland | 7.26 | 2023 | +4.01% | +3.18% | View data |
| 4 | 4 Italy | 5.92 | 2023 | +0.054% | +0.15% | View data |
| 5 | 5 Germany | 5.85 | 2023 | +1.59% | +1.58% | View data |
| 6 | 6 Austria | 4.79 | 2023 | +0.22% | -0.33% | View data |
| 7 | 7 Belgium | 4.16 | 2023 | +2.38% | +2.17% | View data |
| 8 | 8 Thailand | 3.52 | 2023 | +2.29% | +1.58% | View data |
| 9 | 9 Netherlands | 2.63 | 2023 | +2.96% | +3.34% | View data |
| 10 | 10 India | 2.44 | 2023 | +4.75% | +3.76% | View data |
