In 2023, China held the lead in global exports of self-tapping screws of iron or steel, commanding 46% of the market by kilograms, followed by Germany at 12.87%. The United States showed a notable year-on-year increase of 10.19%, rising in its contribution to the market. Slovakia and Denmark displayed remarkable growth rates of 16.11% and 13.2% respectively, indicating potential as emerging players. Japan experienced a slight contraction, and other countries like Mexico and Malaysia recorded declines. Brunei exhibited the highest growth of 66.11%, albeit from a smaller base. The Compound Annual Growth Rate (CAGR) over the past five years points to an overall steady increase for key exporters.
Future trends in this market should focus on:
- China's continued dominance and potential efforts by other countries to expand their shares.
- Monitoring the impacts of economic developments in Slovakia and Denmark as their export capacities increase.
- Potential geopolitical shifts, trade policies, and technological advancements affecting exports.
- Effects of sustainability initiatives, which may lead to changes in manufacturing processes and material use.
Top countries in Export of Self-Tapping Screws of Iron or Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 46 | 2023 | +3.42% | +3.51% | View data |
| 2 | 2 Germany | 12.87 | 2023 | +2.97% | +3.06% | View data |
| 3 | 3 United States | 9.31 | 2023 | +3.15% | +10.19% | View data |
| 4 | 4 Czech Republic | 8.32 | 2023 | +4.37% | +3.19% | View data |
| 5 | 5 Poland | 2.31 | 2023 | +4.24% | +7.68% | View data |
| 6 | 6 Switzerland | 2.28 | 2023 | +2.92% | +2.69% | View data |
| 7 | 7 Thailand | 2.24 | 2023 | +1.86% | +2.01% | View data |
| 8 | 8 Italy | 1.96 | 2023 | +2.41% | +2.18% | View data |
| 9 | 9 Spain | 1.88 | 2023 | +2.47% | +2.88% | View data |
| 10 | 10 Slovakia | 1.42 | 2023 | +3.61% | +16.11% | View data |
