Trade Trends
Global exports of gaskets, washers, and seals increased from $11.40B in 2019 to $13.21B in 2023, reflecting a solid 15.83% rise over five years. The market showcased consistent growth, rebounding from $10.59B in 2020 to $12.58B in 2021 and continuing its upward momentum through 2023.
This sustained growth highlights the rising demand across major industrial sectors including automotive, aerospace, heavy machinery, and advanced manufacturing. Technological innovations in materials and precision engineering, along with the expansion of production capabilities in emerging economies, have strengthened global supply chains. USD$ trade values emphasize the industry’s resilience despite global disruptions and its critical role in industrial infrastructure worldwide.
Top Trading Countries
- United States led global exports in 2024 with $1.81B, up from $1.75B in 2023 and $1.68B in 2019. This represents a 4.44% rise from 2019 to 2023 and a 3.49% increase from 2023 to 2024.
- Germany followed with $1.74B in 2024, slightly below $1.78B in 2023 but above $1.54B in 2019. This reflects a 15.58% increase from 2019 to 2023 and a -2.25% shift from 2023 to 2024.
- China exported $1.54B in 2024, up from $1.44B in 2023 and $989.05M in 2019. This marks a strong 45.15% increase from 2019 to 2023 and a 7.44% rise from 2023 to 2024.
- Mexico posted $693.54M in 2024, slightly below $700.49M in 2023 but above $574.58M in 2019. This represents a 21.92% increase from 2019 to 2023 and a -0.99% shift from 2023 to 2024.
- Poland reached $670.62M in 2024, down slightly from $672.44M in 2023 but up from $521.72M in 2019. This shows a 28.89% rise from 2019 to 2023 and a -0.27% change from 2023 to 2024.
On the Rise
- India expanded from $131.89M in 2019 to $181.80M in 2023 and $212.96M in 2024. This marks a 37.84% increase from 2019 to 2023 and a strong 17.14% rise from 2023 to 2024.
- Italy grew from $425.34M in 2019 to $578.69M in 2023 and $662.83M in 2024, reflecting a 36.05% increase from 2019 to 2023 and a 14.54% rise from 2023 to 2024.
- Thailand rose from $122.20M in 2019 to $157.27M in 2023 and $174.54M in 2024, marking a 28.7% increase from 2019 to 2023 and a 10.98% rise from 2023 to 2024.
- United Kingdom increased from $338.11M in 2019 to $408.07M in 2023 and $443.98M in 2024. This reflects a 20.69% growth from 2019 to 2023 and an 8.8% rise from 2023 to 2024.
- Sweden reached $381.64M in 2024, up from $352.97M in 2023 and $280.17M in 2019. This marks a 25.98% rise from 2019 to 2023 and an 8.12% increase from 2023 to 2024.
- Netherlands grew from $223.90M in 2019 to $248.81M in 2023 and $275.52M in 2024, reflecting an 11.13% increase from 2019 to 2023 and a 10.74% rise from 2023 to 2024.
- Czech Republic expanded from $164.57M in 2019 to $223.24M in 2023 and $240.65M in 2024. This marks a 35.65% increase from 2019 to 2023 and a 7.8% rise from 2023 to 2024.
These countries highlight rapidly growing capabilities, improving manufacturing infrastructure, and rising global competitiveness in the gasket, washer, and seal industry.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
