In 2023, China dominated the global export of amino resins with a share of 19.69%, followed by Belgium at 15.21% and Germany at 14.5%. Key growth drivers included Hungary with a 5.7% increase, and Portugal at 4.07%. Notably, the United States showed modest growth at 0.85%. Negative growth was seen in the United Kingdom at -0.098% and France at -2.34%. Austria and Brazil experienced significant declines at -16.71% and -11.09% respectively. Europe and Asia maintained strong positions while smaller markets showed varied performance with Russia and India growing by 5.8% and 4.66% respectively.
Future trends to watch involve increasing demand from Asia and advancements in amino-resin production technologies. European nations are likely to maintain their strongholds, but geopolitical factors and environmental policies might shift production centers. Investing in sustainable practices could become a competitive advantage in upcoming years.
Top countries in Export of Amino-Resins Share by Country (Kilograms)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 19.69 | 2023 | +4.69% | +4.91% | View data |
2 | 2 Belgium | 15.21 | 2023 | +2.38% | +3.14% | View data |
3 | 3 Germany | 14.5 | 2023 | +3.37% | +4.77% | View data |
4 | 4 Netherlands | 12.94 | 2023 | +3.83% | +4.96% | View data |
5 | 5 South Korea | 7.38 | 2023 | +3.73% | +4.55% | View data |
6 | 6 United States | 6.18 | 2023 | +0.09% | +0.85% | View data |
7 | 7 Japan | 5.71 | 2023 | +1.86% | +1.98% | View data |
8 | 8 Hungary | 5.6 | 2023 | +4.08% | +5.7% | View data |
9 | 9 Portugal | 4.96 | 2023 | +3.46% | +4.07% | View data |
10 | 10 Saudi Arabia | 1.36 | 2023 | +5.51% | -0.83% | View data |