In 2023, China dominated the global export market for castors of base metal, contributing nearly half of the total export value at 47.96%. Germany and the United States followed but with a significantly smaller share of 15.5% and 4.2%, respectively. Noteworthy growth was seen in Spain and Ireland with variations of 7.9% and 2.67%. Japan experienced a decline of -3.03% year-on-year. Emerging markets like Egypt saw a substantial rise of 40.27%, while Lebanon showed a notable decrease of 23.64%.
Future trends to watch include China's expanding market influence, potential shifts in European export dynamics due to Germany's steady role, and rising contributions from emerging markets. Monitoring geopolitical and economic factors will be crucial as they could affect trade flows and reveal new competitive landscapes in the castor export market.
Top countries in Export of Castors of Base Metal Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 47.96 | 2023 | +3.55% | +3.84% | View data |
| 2 | 2 Germany | 15.5 | 2023 | +2.15% | +1.98% | View data |
| 3 | 3 United States | 4.2 | 2023 | +1.57% | +2.09% | View data |
| 4 | 4 Italy | 4.04 | 2023 | +0.89% | +0.069% | View data |
| 5 | 5 Malaysia | 3.91 | 2023 | +1.9% | +1.66% | View data |
| 6 | 6 Spain | 2.72 | 2023 | +4.41% | +7.9% | View data |
| 7 | 7 Ireland | 2.55 | 2023 | +2.18% | +2.67% | View data |
| 8 | 8 United Kingdom | 2.1 | 2023 | +2.44% | +4.24% | View data |
| 9 | 9 South Korea | 1.69 | 2023 | +3.24% | +1.44% | View data |
| 10 | 10 Czech Republic | 1.6 | 2023 | +3.75% | +1.87% | View data |
