In 2023, China led the export of bells and gongs made of base metal with a significant margin, followed by India and Malaysia. Notable growth was observed from countries like Greece, Uganda, and Estonia, while exports from Indonesia, Slovakia, and South Korea declined significantly. The Compound Annual Growth Rate (CAGR) over the past five years highlights a strong upward trend in Poland and Bulgaria. Conversely, Ukraine, Switzerland, and Italy saw declining trends over the same period. Austria and Singapore continued to strengthen their positions in the global market.
Future trends to watch include an increase in exports from emerging markets with improving manufacturing capabilities and the impact of global trade policies on bell and gong exports. The rapid growth of countries like Morocco suggests a potential shift towards diversified markets. Monitoring innovation in production techniques and eco-friendly materials might reveal new leaders in this sector.
Top countries in Export of Bells, Gongs of Base Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 7,940,600 | 2023 | +1.55% | +0.87% | View data |
| 2 | 2 India | 896,850 | 2023 | +1.9% | +4.07% | View data |
| 3 | 3 Malaysia | 593,450 | 2023 | -1.85% | +1.44% | View data |
| 4 | 4 Netherlands | 496,000 | 2023 | +2.05% | +2.78% | View data |
| 5 | 5 Germany | 253,730 | 2023 | +0.079% | -0.041% | View data |
| 6 | 6 United States | 155,530 | 2023 | -6.85% | -3.96% | View data |
| 7 | 7 Austria | 136,340 | 2023 | +1.74% | +5.84% | View data |
| 8 | 8 Belgium | 105,530 | 2023 | +2.1% | +1.88% | View data |
| 9 | 9 Poland | 101,860 | 2023 | +6.21% | +31.87% | View data |
| 10 | 10 Pakistan | 84,310 | 2023 | +1.06% | +0.69% | View data |
