In 2023, China dominated the global export of plates, sticks, and tips for tools of cermets, holding a substantial 33.49% market share. Japan and Germany, trailing behind, captured 10.84% and 9.11% respectively. Throughout the year, India and Malaysia demonstrated significant growth, with year-on-year increases of 16.36% and 23.83%. However, the United States experienced a notable decrease of 22.89%. Emerging countries such as the Philippines saw impressive expansion with a 54.2% increase, highlighting potential areas for market growth.
Looking forward, potential trends include increased market share for developing nations and possible shifts in dominance as advanced countries face challenges. Continued innovation in manufacturing technology may also influence future export dynamics in this sector.
Top countries in Export of Plates, Sticks, Tips for Tools of Cermets Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 33.49 | 2023 | +3.9% | +3.42% | View data |
| 2 | 2 Japan | 10.84 | 2023 | +1.98% | -0.96% | View data |
| 3 | 3 Germany | 9.11 | 2023 | +1.44% | +0.83% | View data |
| 4 | 4 Israel | 6.34 | 2023 | -1.45% | -1.36% | View data |
| 5 | 5 India | 5.5 | 2023 | +1.62% | +16.36% | View data |
| 6 | 6 Sweden | 5.48 | 2023 | +1.54% | -0.42% | View data |
| 7 | 7 South Korea | 4.08 | 2023 | +1.5% | +0.87% | View data |
| 8 | 8 Austria | 3.59 | 2023 | -0.0088% | -1.15% | View data |
| 9 | 9 Belgium | 3.47 | 2023 | +1.89% | +1.9% | View data |
| 10 | 10 Italy | 2.39 | 2023 | -0.19% | -1.53% | View data |
