The global export of iron or steel nuts is dominated by China, holding the largest share followed by Germany and Japan. The year-on-year growth in 2023 was significant in Denmark, Botswana, and Greece, with Denmark experiencing a notable 22.2% increase. Conversely, countries like Pakistan and Tanzania saw substantial declines.
Key growth trajectories were observed in countries like Israel and Ecuador, each showing strong positive variations. This portrays a divergent landscape with different rates of change across nations, reflecting both regional demands and production capacities.
Looking ahead in 2024, anticipate continued dominance from China, though regional shifts may occur as geopolitical dynamics influence trade. Watch for emerging exporters experiencing rapid growth or declines which may reshape the market landscape significantly.
Future trends to watch include the impact of sustainability initiatives on steel manufacturing and export policies amidst evolving economic conditions and trade regulations globally.
Top countries in Export of Nuts of Iron or Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 667,690,000 | 2023 | +2.71% | +2.33% | View data |
| 2 | 2 Germany | 132,470,000 | 2023 | +2.36% | +2.52% | View data |
| 3 | 3 Japan | 89,411,000 | 2023 | +1.38% | +0.35% | View data |
| 4 | 4 United States | 54,829,000 | 2023 | -3.91% | -2.91% | View data |
| 5 | 5 South Korea | 48,507,000 | 2023 | +2.79% | +3.19% | View data |
| 6 | 6 France | 38,210,000 | 2023 | +3.16% | +1.46% | View data |
| 7 | 7 Italy | 30,227,000 | 2023 | +2.11% | +2.17% | View data |
| 8 | 8 India | 25,948,000 | 2023 | +0.17% | -0.21% | View data |
| 9 | 9 Netherlands | 20,456,000 | 2023 | -2.08% | -1.33% | View data |
| 10 | 10 Malaysia | 17,253,000 | 2023 | -1.28% | -2.49% | View data |
