In 2023, Singapore dominated the global import of converters used in metallurgy or metal foundries with a commanding share of 90.1%. Malaysia and Peru followed, though with significantly smaller shares of 4.54% and 3.43%, respectively. Notable year-on-year variations include Uganda’s substantial increase of 117.3%, Pakistan's 26.32%, and Russia's notable 88.02% rise. Conversely, notable declines were observed in China (-14.33%), Brazil (-11.21%), and Brunei (-14.23%). This indicates a shift in dynamics, where smaller markets like Uganda and Pakistan have shown remarkable import growth.
Future trends to watch include potential shifts due to geopolitical changes, environmental regulations impacting the metallurgy sector, and advancements in converter technologies. The emerging markets exhibiting growth should be monitored for their potential to disrupt existing import hierarchies. Additionally, innovations in sustainable metallurgy might influence import demands and market composition significantly in the coming years.
Top countries in Import of Converters Used in Metallurgy or Metal Foundries Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Singapore | 90.1 | 2023 | +5.93% | +6.26% | View data |
| 2 | 2 Malaysia | 4.54 | 2023 | +3.13% | -2.55% | View data |
| 3 | 3 Peru | 3.43 | 2023 | +6.77% | +1.17% | View data |
| 4 | 4 Philippines | 0.53 | 2023 | -1.11% | +20.65% | View data |
| 5 | 5 Norway | 0.34 | 2023 | +3.33% | +1.29% | View data |
| 6 | 6 Uganda | 0.12 | 2023 | +3.63% | +117.3% | View data |
| 7 | 7 Pakistan | 0.1 | 2023 | +3.8% | +26.32% | View data |
| 8 | 8 United States | 0.085 | 2023 | -8.93% | +1.3% | View data |
| 9 | 9 Chile | 0.028 | 2023 | +4.49% | +44.72% | View data |
| 10 | 10 Brazil | 0.025 | 2023 | -10.92% | -11.21% | View data |
