In 2023, China dominated the global export market for railway or tramway switch and crossing material made of iron and steel, with a share of 21.65%. Spain (11.78%) and Luxembourg (11.32%) followed as major exporters. Notable shifts included Japan's significant increase of 50.05% and Kuwait's remarkable growth of 85.07%. Conversely, Russia experienced a steep decline of 21.72%. The commonality among rising exporters lies in their strategic market expansion and increased production capacities.
Looking ahead, countries demonstrating rapid technological advancements and sustainable practices are likely to gain market share. Emphasis on infrastructure development and international trade agreements could redefine export hierarchies.
Top countries in Export of Railway or Tramway Switch and Crossing Material of Iron and Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21.65 | 2023 | +3.67% | +3.24% | View data |
| 2 | 2 Spain | 11.78 | 2023 | +3.99% | +5.83% | View data |
| 3 | 3 Luxembourg | 11.32 | 2023 | +2.04% | +0.89% | View data |
| 4 | 4 Germany | 8.9 | 2023 | -0.31% | -0.47% | View data |
| 5 | 5 France | 7.95 | 2023 | -1.36% | +0.12% | View data |
| 6 | 6 United States | 6.51 | 2023 | +0.18% | +0.66% | View data |
| 7 | 7 India | 6.02 | 2023 | +4.68% | +2.92% | View data |
| 8 | 8 Belgium | 5.98 | 2023 | -1.47% | +1.81% | View data |
| 9 | 9 Romania | 5.98 | 2023 | +3.99% | +3.36% | View data |
| 10 | 10 Austria | 4.19 | 2023 | -1.7% | -2.08% | View data |
