China holds a significant position in the global export market of nitrites of metals, boasting a substantial lead with 44.66% of total exports in 2023. India and the United States follow with 18.97% and 10.47%, respectively. Notably, South Africa has shown a remarkable year-on-year growth with a 47.23% increase. Conversely, countries like Japan and Canada experienced significant declines, with -20.73% and -22.87%, respectively. Over the past five years, compound average growth rates (CAGR) indicate consistent growth in China's exports and a mix of stability and volatility among other nations.
Looking ahead, key trends include potential shifts in power dynamics among exporters, especially if China maintains its dominance. Watch for emerging markets such as South Africa continuing their momentum. Additionally, geopolitical factors and environmental regulations may influence supply chains and export capabilities, causing fluctuations in global export shares of nitrites of metals.
Top countries in Export of Nitrites of Metals Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 44.66 | 2023 | +2.88% | +2.22% | View data |
| 2 | 2 India | 18.97 | 2023 | +4.55% | +3.44% | View data |
| 3 | 3 United States | 10.47 | 2023 | +1.62% | +1.66% | View data |
| 4 | 4 Russia | 7.53 | 2023 | +4.53% | +4.1% | View data |
| 5 | 5 South Africa | 3.85 | 2023 | +2.65% | +47.23% | View data |
| 6 | 6 Saudi Arabia | 3.47 | 2023 | +0.87% | -1.47% | View data |
| 7 | 7 Sweden | 1.47 | 2023 | +2.32% | +2.56% | View data |
| 8 | 8 Australia | 1.15 | 2023 | +5.84% | +5.12% | View data |
| 9 | 9 Poland | 1.12 | 2023 | -4.42% | -4.83% | View data |
| 10 | 10 Namibia | 1.05 | 2023 | +5.13% | +5.53% | View data |
