In 2023, Germany led the global export market for steering wheels, columns, and boxes for motor vehicles, with a 14.97% share, followed by the United States at 11.46%, and Mexico at 10.97%. Notably, China and France also contributed substantially, at 10.03% and 6.42% respectively. Most countries showed positive year-on-year growth, with significant increases from nations like India (5.65%) and Hungary (4.98%), while countries such as South Africa (-10.76%) and Australia (-8.16%) recorded declines.
Looking ahead, key trends include the sustained growth of emerging markets, advancements in automotive technology potentially boosting export demands, and the influence of shifting trade policies. Watch for increasing contributions from Asian countries as they continue to expand their automotive sectors.
Top countries in Export of Steering Wheels, Columns and Boxes for Motor Vehicles Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.97 | 2023 | +2.5% | +2.74% | View data |
| 2 | 2 United States | 11.46 | 2023 | +2.53% | +3.11% | View data |
| 3 | 3 Mexico | 10.97 | 2023 | +3.65% | +4.28% | View data |
| 4 | 4 China | 10.03 | 2023 | +4.18% | +4.48% | View data |
| 5 | 5 France | 6.42 | 2023 | +1.37% | +1.33% | View data |
| 6 | 6 Poland | 5.78 | 2023 | +3.17% | +1.72% | View data |
| 7 | 7 Hungary | 5.42 | 2023 | +4.59% | +4.98% | View data |
| 8 | 8 South Korea | 5.21 | 2023 | +4.05% | +4.75% | View data |
| 9 | 9 Japan | 4.88 | 2023 | +0.82% | -2.18% | View data |
| 10 | 10 Romania | 4.44 | 2023 | +3.75% | +4.53% | View data |
