Key Market Indicators
The Dutch aromatics export market is projected to decline to approximately $3 million by 2028, from about $4.1 million in 2023. This represents a compound annual growth rate (CAGR) decrease of 4.7% per year. Since 1997, Dutch supply has seen a modest annual increase of 0.2%. In 2023, the Netherlands ranked ninth in the global export market for aromatics, with Spain leading the pack at around $4.1 million. China, India, and Japan followed as the second, third, and fourth largest exporters, respectively. Conversely, Dutch aromatics imports are forecasted to rise to roughly $6.5 million by 2028, up from around $6.1 million in 2023. This indicates a CAGR growth of 1.1% per year. Dutch demand for aromatics has been increasing consistently, with a yearly growth rate of 3.1% since 1997.
