In 2023, Estonia dominated the European production of benzoic acid, representing the majority share. Notable is the disparate participation of other countries, with Germany, Italy, and Romania trailing behind. Estonia experienced a 4.34% growth, while Germany saw a significant decline of 27.56%. Italy showed considerable growth with a 26.5% increase. Noteworthy is the complete halt in production from Spain and Poland, both showing a 100% decrease, while other nations remained static.
Looking to the future, anticipate Estonia maintaining its lead while monitoring potential recovery in Germany and emerging growth in Italy. The stabilization in Romania suggests a steady market presence, while other countries may revisit production capabilities amid fluctuating demand and environmental regulations.
Top countries in Production of Benzoic Acid Share by Country (Kilograms)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 87.36 | 2023 | +4.7% | +4.34% | View data |
| 2 | 2 Germany | 3.36 | 2023 | +0.092% | -27.56% | View data |
| 3 | 3 Italy | 1.62 | 2023 | -35.4% | +26.5% | View data |
| 4 | 4 Romania | 1.1 | 2023 | -31.79% | View data | |
| 5 | 5 United Kingdom | 0.12 | 2023 | -27.31% | View data | |
| 6 | 6 Spain | 0.1 | 2023 | -17.83% | View data | |
| 7 | 7 Denmark | 0.007 | 2023 | -31.09% | View data | |
| 8 | 8 Sweden | 0.003 | 2023 | View data | ||
| 9 | 9 Poland | 0.001 | 2023 | -68.3% | View data |
