Key Market Indicators
German Aromatics Export is projected to decline to approximately $9.9 million by 2028, down from around $10.2 million in 2023. This marks a compound annual growth rate (CAGR) decrease of 0.5% year over year. Historical data indicates that since 1996, Germany's export supply in this sector has been on a downward trend, falling by 4% annually. In 2023, Germany ranked fifth in the global aromatics export market. Japan surpassed Germany, reaching an export value of approximately $10.2 million. Leading the rankings were China, India, and Japan, occupying the second, third, and fourth positions, respectively. Conversely, German Aromatics Import is forecasted to rise to about $12.4 million by 2028 from $11.7 million in 2023. This represents a steady annual growth rate of 1%. Historical trends also show that since 1996, Germany's demand for aromatics has increased by 1% year on year.
