In 2023, Slovenia emerged as the leader with a substantial 97.13% increase in its export share, while China registered a modest 1.4% growth, continuing its prominent role in global exports. Conversely, Ukraine and Russia saw declines, with Ukraine decreasing by 0.54% and Russia by 0.25%. Notably, countries such as Belarus, Switzerland, South Africa, and the Philippines experienced significant increases, indicating their growing importance in the market. Meanwhile, traditional players like Germany and Japan showed minimal growth, and in Japan's case, a decline of 3.7%, reflecting shifts in global production and demand dynamics.
Future trends to watch include:
- Potential shifts in production due to geopolitical influences, affecting countries like Ukraine and Russia.
- The impact of technological advancements and innovation in railway transportation influencing export patterns.
- Increasing focus on sustainability, potentially benefiting countries committed to green manufacturing processes.
Top countries in Export of Railway and Tramway Axles, Wheels and Parts Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 23.14 | 2023 | +4.64% | +97.13% | View data |
| 2 | 2 China | 18.21 | 2023 | +2.92% | +1.4% | View data |
| 3 | 3 Ukraine | 11.21 | 2023 | -0.27% | -0.54% | View data |
| 4 | 4 Russia | 9.96 | 2023 | -0.32% | -0.25% | View data |
| 5 | 5 Italy | 9.72 | 2023 | +2.43% | +2.4% | View data |
| 6 | 6 Czech Republic | 9.23 | 2023 | +1.02% | +1.64% | View data |
| 7 | 7 Germany | 6.8 | 2023 | +1.36% | +0.19% | View data |
| 8 | 8 Spain | 3.33 | 2023 | +3.66% | +2.27% | View data |
| 9 | 9 Kazakhstan | 2.56 | 2023 | +5.18% | -0.61% | View data |
| 10 | 10 Poland | 2.45 | 2023 | +3.65% | +3.78% | View data |
