The global export market for nuts of iron or steel is largely dominated by China, representing over half of the market at 52.55%. Germany and Japan follow at 10.43% and 7.04% respectively, showing a significant concentration of exports in these top countries. Notably, Denmark experienced a substantial growth in exports with a 22.2% increase over the last year. Conversely, some countries like the United States and Mexico faced declines, recording -2.91% and -14.13% year-on-year variations respectively.
Future trends to watch include:
- Continuous expansion and competition from Asian countries like South Korea and India.
- Potential recovery for nations experiencing declines as global trade activities stabilize.
- Emerging markets could gain traction with increasing demand for steel nuts driven by infrastructure development globally.
Top countries in Export of Nuts of Iron or Steel Share by Country (Kilograms)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 52.55 | 2023 | +2.71% | +2.33% | View data |
2 | 2 Germany | 10.43 | 2023 | +2.36% | +2.52% | View data |
3 | 3 Japan | 7.04 | 2023 | +1.38% | +0.35% | View data |
4 | 4 United States | 4.32 | 2023 | -3.91% | -2.91% | View data |
5 | 5 South Korea | 3.82 | 2023 | +2.79% | +3.19% | View data |
6 | 6 France | 3.01 | 2023 | +3.16% | +1.46% | View data |
7 | 7 Italy | 2.38 | 2023 | +2.11% | +2.17% | View data |
8 | 8 India | 2.04 | 2023 | +0.17% | -0.21% | View data |
9 | 9 Netherlands | 1.61 | 2023 | -2.08% | -1.33% | View data |
10 | 10 Malaysia | 1.36 | 2023 | -1.28% | -2.49% | View data |