In 2023, China dominated the global export market of furfuryl alcohol and tetrahydrofurfuryl alcohol, contributing 82.17% of the share by kilograms. Thailand and the United States followed distantly with 8.32% and 3.55%, respectively. South Africa and the Netherlands made up 2.79% and 2.68% of the market. Notably, smaller players like the UK, Italy, and Japan observed significant percentage changes, particularly Japan at 104.69% and India at 137.09% growth year-on-year. A declining trend was observed in countries like Thailand, South Africa, and Singapore, the latter seeing a substantial drop of 60.57%.
Future trends to watch include the potential for emerging markets like India and Japan to increase their share, driven by significant recent growth. Meanwhile, China is likely to retain its leadership position, but attention should be given to fluctuations in lesser markets and how geopolitical and environmental factors might influence these export dynamics. Monitoring technological advancements and industry regulations could also shape the market landscape.
Top countries in Export of Furfuryl Alcohol and Tetrahydrofurfuryl Alcohol Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 82.17 | 2023 | +0.7% | +0.5% | View data |
| 2 | 2 Thailand | 8.32 | 2023 | -0.75% | -2.27% | View data |
| 3 | 3 United States | 3.55 | 2023 | +2.01% | +1.69% | View data |
| 4 | 4 South Africa | 2.79 | 2023 | -12.28% | -10.18% | View data |
| 5 | 5 Netherlands | 2.68 | 2023 | +2.3% | -3.6% | View data |
| 6 | 6 United Kingdom | 0.34 | 2023 | +6.1% | +0.86% | View data |
| 7 | 7 Italy | 0.074 | 2023 | -0.73% | +0.84% | View data |
| 8 | 8 Japan | 0.047 | 2023 | +2.45% | +104.69% | View data |
| 9 | 9 India | 0.044 | 2023 | +2.9% | +137.09% | View data |
| 10 | 10 Malaysia | 0.013 | 2023 | -4.02% | +2% | View data |
