In 2023, Germany remained the largest exporter of radiators and parts thereof of iron or steel, despite a slight decrease in value by 0.7%. Poland showed a positive growth trend with an increase of 1.19%, closely followed by the Czech Republic and the United Kingdom with increments of around 0.77% and 1.17% respectively. China experienced growth at 2.94%, whereas Belgium and Italy faced significant declines. Canada stood out with the highest growth rate among key players at 8.86%. Additional strong growth was seen from smaller exporters such as Armenia and Fiji, with remarkable increases of 108.33% and 138.6% respectively.
Future trends to watch include the impact of technological advancements and environmental regulations driving demand for improved efficiency and eco-friendly materials. The rise of Asian markets, especially China’s continuation to expand, may shift the dynamics. Also, geopolitical factors could affect trade patterns, altering the market landscape significantly over the coming years.
Top countries in Export of Radiators and Parts Thereof of Iron or Steel Except Cast Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.38 | 2023 | -0.57% | -0.7% | View data |
| 2 | 2 Poland | 16.02 | 2023 | +1.83% | +1.19% | View data |
| 3 | 3 Czech Republic | 11.74 | 2023 | +0.84% | +0.77% | View data |
| 4 | 4 Netherlands | 8.27 | 2023 | +1.29% | +0.44% | View data |
| 5 | 5 Belgium | 7.96 | 2023 | -7.4% | -7.51% | View data |
| 6 | 6 Italy | 6.26 | 2023 | -5.81% | -6.16% | View data |
| 7 | 7 United Kingdom | 5.14 | 2023 | +1.29% | +1.17% | View data |
| 8 | 8 China | 4.27 | 2023 | +3.67% | +2.94% | View data |
| 9 | 9 Hungary | 3.64 | 2023 | +0.23% | -0.33% | View data |
| 10 | 10 Finland | 2.68 | 2023 | -3.53% | -4.07% | View data |
