In 2023, Germany led the global export market for electro-weld rod cores and coatings, closely followed by Japan and the United States, with notable growth in Germany (1.24%) and the United States (1.6%). China (3.39%) and the Czech Republic (4.91%) exhibited significant growth, while countries like the United Kingdom and Ukraine faced declining exports, down by 3.64% and 3.68% respectively. Smaller markets such as Romania showed impressive growth at 6.7%.
Looking forward to 2024 and beyond, emerging markets like Romania and Lithuania might continue to experience substantial growth. With the US and Germany leading innovation and development, monitoring trade policy changes and technological advancements in manufacturing will be crucial for forecasting future market dynamics.
Top countries in Export of Electro-Weld Rod Cores and Coatings Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.68 | 2023 | +1.71% | +1.24% | View data |
| 2 | 2 Japan | 17.78 | 2023 | +1.4% | +1.48% | View data |
| 3 | 3 United States | 11.81 | 2023 | +1.78% | +1.6% | View data |
| 4 | 4 France | 8.09 | 2023 | -0.14% | -0.11% | View data |
| 5 | 5 Singapore | 7.13 | 2023 | -0.4% | -1.14% | View data |
| 6 | 6 South Korea | 6.96 | 2023 | +1.39% | +1.36% | View data |
| 7 | 7 China | 6.54 | 2023 | +3.69% | +3.39% | View data |
| 8 | 8 Czech Republic | 3.08 | 2023 | +1.85% | +4.91% | View data |
| 9 | 9 Poland | 2.99 | 2023 | +1.83% | +0.62% | View data |
| 10 | 10 Italy | 1.61 | 2023 | -0.18% | +0.34% | View data |
