The global import of paraformaldehyde is dominated by India, China, and South Korea. India stands at the top with a notable growth of 2.64% in 2023. While India and Brazil show positive momentum, key players like Germany and Japan have experienced declines. Notably, Uganda and Angola show impressive growth, albeit from a lower base, indicating rising demand. Decrease in shares from the UK, Malaysia, and Australia represents a shifting market dynamic.
Future trends to monitor include the continued rise in demand from emerging markets like India and Uganda, potential recovery of declining markets, and the impact of sustainability factors on paraformaldehyde imports. Europe's variation rates suggest a potential shift in industrial applications, warranting close observation.
Top countries in Import of Paraformaldehyde Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 13.22 | 2023 | +3.32% | +2.64% | View data |
| 2 | 2 China | 12.66 | 2023 | +0.68% | -0.29% | View data |
| 3 | 3 South Korea | 10.53 | 2023 | +3.26% | +2.08% | View data |
| 4 | 4 Brazil | 8.22 | 2023 | +1.74% | +2.23% | View data |
| 5 | 5 Japan | 7.06 | 2023 | -1.48% | -2.84% | View data |
| 6 | 6 United States | 5.26 | 2023 | -0.3% | +0.23% | View data |
| 7 | 7 Thailand | 4.85 | 2023 | +2.25% | +1.5% | View data |
| 8 | 8 Russia | 3.97 | 2023 | +1.64% | +1.57% | View data |
| 9 | 9 Belgium | 3.32 | 2023 | +2.47% | +1.16% | View data |
| 10 | 10 Germany | 2.91 | 2023 | -1.74% | -3.06% | View data |
