In 2023, China remained the dominant exporter of Furfuryl Alcohol and Tetrahydrofurfuryl Alcohol, with an export volume of 81.031 million kilograms. The United States and Thailand also held significant shares, with the U.S. showing a modest 1.69% growth and Thailand witnessing a decline of 2.27%. Japan and India showed remarkable growth rates of 104.69% and 137.09%, respectively, albeit from a smaller base. Notable declines were observed in South Africa (-10.18%) and the Netherlands (-3.6%). Singapore saw a drastic reduction at -60.57%.
Future trends suggest a potential increase in the export of these chemicals from emerging Asian economies due to technological advancements and favorable trade agreements. Additionally, countries with growing industrial sectors may boost export capacities, altering the competitive landscape. Monitoring regulatory changes and demand shifts will be crucial for understanding future dynamics in this sector.
Top countries in Export of Furfuryl Alcohol and Tetrahydrofurfuryl Alcohol by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 81,031,000 | 2023 | +0.7% | +0.5% | View data |
| 2 | 2 Thailand | 8,206,200 | 2023 | -0.75% | -2.27% | View data |
| 3 | 3 United States | 3,504,100 | 2023 | +2.01% | +1.69% | View data |
| 4 | 4 South Africa | 2,749,600 | 2023 | -12.28% | -10.18% | View data |
| 5 | 5 Netherlands | 2,640,200 | 2023 | +2.3% | -3.6% | View data |
| 6 | 6 United Kingdom | 335,850 | 2023 | +6.1% | +0.86% | View data |
| 7 | 7 Italy | 72,850 | 2023 | -0.73% | +0.84% | View data |
| 8 | 8 Japan | 46,000 | 2023 | +2.45% | +104.69% | View data |
| 9 | 9 India | 43,250 | 2023 | +2.9% | +137.09% | View data |
| 10 | 10 Malaysia | 12,700 | 2023 | -4.02% | +2% | View data |
