In 2023, China led the global export of salicylic acid and its salts, commanding over 55% of the market. India and Germany followed, contributing 14% and 13% respectively. Despite overall growth, several countries, including Brazil and the United States, experienced declines in their export value year-on-year. Notable increases in export shares were seen in the Netherlands and smaller markets like New Zealand and Macedonia. Over the past five years, export patterns showed consistent gains for major players, especially in China and India, while some European countries faced fluctuations.
Future trends to watch include potential shifts due to increased regulatory scrutiny on chemical exports, emerging markets gaining traction, and innovations in pharmaceutical applications which could alter demand patterns. Additionally, trade policies may impact the competitive landscape, influencing price, and supply dynamics globally.
Top countries in Export of Salicylic Acid, Salts Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 55.72 | 2023 | +3.95% | +2.2% | View data |
| 2 | 2 India | 14.18 | 2023 | +0.46% | +0.6% | View data |
| 3 | 3 Germany | 13.25 | 2023 | +2.52% | +1.39% | View data |
| 4 | 4 Brazil | 3.72 | 2023 | -11.33% | -9.13% | View data |
| 5 | 5 Spain | 2.03 | 2023 | +3.85% | +3.57% | View data |
| 6 | 6 United States | 1.72 | 2023 | -1.93% | -5.07% | View data |
| 7 | 7 Netherlands | 0.89 | 2023 | +1.49% | +16.59% | View data |
| 8 | 8 United Kingdom | 0.75 | 2023 | -2.52% | -5.29% | View data |
| 9 | 9 Poland | 0.65 | 2023 | +4.04% | +4.52% | View data |
| 10 | 10 Belgium | 0.52 | 2023 | +1.64% | -0.68% | View data |
