In 2023, China led the global export of signals for rail, tram, water-way, and port, contributing 23.13% by weight. Key players like Russia, Austria, and Spain followed. Notably, exports displayed varied year-on-year changes: China decreased slightly by 0.24%, while countries like Serbia and Kazakhstan saw significant growth of over 5%. Emerging growth was seen in countries like Slovenia with an impressive 79% increase. On the flip side, drastic declines were noted in countries such as Switzerland and Finland.
Future trends to watch include potential expansions in the Middle East, driven by technological innovations and infrastructural investments. Moreover, environmental considerations could influence new market leaders focused on sustainable signaling solutions. Keep an eye on countries with recent export growths like the UAE and Qatar as they may increase their market share in response to these trends.
Top countries in Export of Signals for Rail, Tram, Water-Way and Port Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 23.13 | 2023 | +0.21% | -0.24% | View data |
| 2 | 2 Russia | 14.93 | 2023 | -0.85% | -1.62% | View data |
| 3 | 3 Austria | 6.82 | 2023 | -0.17% | +0.31% | View data |
| 4 | 4 Spain | 6.71 | 2023 | +3.84% | +3.43% | View data |
| 5 | 5 United Kingdom | 6.69 | 2023 | +1.46% | +0.7% | View data |
| 6 | 6 Kazakhstan | 5.22 | 2023 | +6.14% | +5.54% | View data |
| 7 | 7 Belarus | 4.75 | 2023 | +4.06% | +5.68% | View data |
| 8 | 8 Germany | 4.35 | 2023 | -0.15% | +0.91% | View data |
| 9 | 9 Ukraine | 3.54 | 2023 | -10.34% | -12.56% | View data |
| 10 | 10 Serbia | 3.32 | 2023 | +3.8% | +10.33% | View data |
