South Korea leads the global export market of phenols and phenol-alcohols, with steady growth observed at 2.28% in 2023. Belgium and Thailand also demonstrate solid export shares with slight variations. Notably, the United States and Japan have seen modest declines. Countries like Indonesia and Ireland experienced significant upward swings in their export performance, whereas Russia and countries like Spain and Italy faced notable declines. The broader export landscape shows variable trends, influenced by economic, political, and environmental factors affecting production and international trade dynamics.
Future trends to watch include increased production capacities and potential shifts in market dynamics due to geopolitical developments and environmental regulations. Continuous monitoring of emerging markets and advancements in sustainable production processes will be crucial for understanding long-term shifts in export shares by country.
Top countries in Export of Phenols and Phenol-Alcohols Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 20.32 | 2023 | +4.24% | +2.28% | View data |
| 2 | 2 Belgium | 13.18 | 2023 | +0.78% | +0.39% | View data |
| 3 | 3 Thailand | 9.28 | 2023 | +4.23% | +2.4% | View data |
| 4 | 4 United States | 8.41 | 2023 | -3.11% | -3.53% | View data |
| 5 | 5 Japan | 8.38 | 2023 | -0.67% | -0.44% | View data |
| 6 | 6 Singapore | 8.33 | 2023 | +3.97% | +3.3% | View data |
| 7 | 7 China | 6.92 | 2023 | +3.46% | +1.87% | View data |
| 8 | 8 Germany | 4.87 | 2023 | -1.5% | -2.11% | View data |
| 9 | 9 Saudi Arabia | 4.07 | 2023 | +6.45% | +1.93% | View data |
| 10 | 10 India | 4.04 | 2023 | +2.74% | +2.67% | View data |
