In 2023, China dominated the global export market for pipe flanges of iron or steel except stainless, holding the largest share with an increase of 1.4% year-on-year. Italy and India followed, with Italy experiencing a slight decline by 0.94%, while India rose by 0.46%. Other notable markets included Germany and South Korea, which saw declines of 2.59% and 6.4%, respectively. The Philippines and Indonesia, although smaller players, experienced significant year-on-year growth, demonstrating potential emerging markets.
Looking forward, key trends indicate a shift towards more diversified market participants, with regions like Southeast Asia gaining traction. Major exporting countries may face increasing competition from emerging markets, potentially reshaping the global landscape. Monitoring technological advancements and trade policy changes will be crucial for exporters to maintain their market shares.
Top countries in Export of Pipe Flanges of Iron or Steel Except Stainless Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 37.36 | 2023 | +2.84% | +1.4% | View data |
| 2 | 2 Italy | 16.41 | 2023 | +0.039% | -0.94% | View data |
| 3 | 3 India | 8.69 | 2023 | +2.54% | +0.46% | View data |
| 4 | 4 Germany | 5.55 | 2023 | -1.18% | -2.59% | View data |
| 5 | 5 Spain | 4.79 | 2023 | +1.01% | -0.26% | View data |
| 6 | 6 South Korea | 4.44 | 2023 | -5.44% | -6.4% | View data |
| 7 | 7 United States | 4.1 | 2023 | -1.35% | -1.64% | View data |
| 8 | 8 Japan | 2.67 | 2023 | +2.06% | +3.03% | View data |
| 9 | 9 Singapore | 1.44 | 2023 | +0.14% | +0.27% | View data |
| 10 | 10 Romania | 1.38 | 2023 | -0.15% | -0.22% | View data |
