In 2023, China remained the dominant exporter of castors of base metal, holding 63.3% of the global market. Malaysia, Germany, and Italy followed with significantly smaller shares. Notable year-on-year growth occurred in Poland, Belarus, Switzerland, and Estonia, exhibiting double-digit increases. Conversely, Japan and Lebanon experienced marked declines. The overall trend reveals steady growth for emerging and mid-tier exporters, particularly in Eastern Europe and Asia.
Looking forward, expect the emergence of smaller Asian exporters, alongside potential volatility due to geopolitical tensions affecting trade. Monitoring sustainability and innovation in manufacturing processes could greatly impact future growth dynamics in this sector.
Top countries in Export of Castors of Base Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 63.3 | 2023 | +2.92% | +2.99% | View data |
| 2 | 2 Malaysia | 6.12 | 2023 | +1.14% | +0.8% | View data |
| 3 | 3 Germany | 5.6 | 2023 | +1.34% | +1.58% | View data |
| 4 | 4 Italy | 3.62 | 2023 | +0.98% | +0.47% | View data |
| 5 | 5 Czech Republic | 2.38 | 2023 | +4.18% | +2.39% | View data |
| 6 | 6 Ireland | 2.21 | 2023 | +2.32% | +3.77% | View data |
| 7 | 7 United Kingdom | 2.14 | 2023 | +2.1% | +7.09% | View data |
| 8 | 8 United States | 1.73 | 2023 | -1.57% | -1.21% | View data |
| 9 | 9 Netherlands | 1.62 | 2023 | +3.42% | +4.36% | View data |
| 10 | 10 Belgium | 1.39 | 2023 | +1.72% | +1.27% | View data |
