In 2023, the global export market of salicylic acid and its salts saw China holding a dominant position, exporting 66.504 million USD worth of products, followed by India and Germany. Key trends observed included a significant increase in exports from the Netherlands (16.59%), with New Zealand similarly exhibiting notable growth (44.71%). In contrast, Japan experienced a substantial drop (-21.33%). Other countries like Greece and Macedonia recorded double-digit growth rates. On a challenging note, traditional exporters like the United States and South Korea saw slight declines.
Future trends to watch include technological advancements in chemical synthesis potentially impacting the production efficiency of salicylic acid, and changing global regulations on chemical exports that may influence trade dynamics. Additionally, environmental sustainability and supply chain considerations are expected to play a significant role in shaping the trade landscape of this compound.
Top countries in Export of Salicylic Acid, Salts by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 66,504,000 | 2023 | +3.95% | +2.2% | View data |
| 2 | 2 India | 16,926,000 | 2023 | +0.46% | +0.6% | View data |
| 3 | 3 Germany | 15,819,000 | 2023 | +2.52% | +1.39% | View data |
| 4 | 4 Brazil | 4,439,700 | 2023 | -11.33% | -9.13% | View data |
| 5 | 5 Spain | 2,418,100 | 2023 | +3.85% | +3.57% | View data |
| 6 | 6 United States | 2,050,500 | 2023 | -1.93% | -5.07% | View data |
| 7 | 7 Netherlands | 1,056,800 | 2023 | +1.49% | +16.59% | View data |
| 8 | 8 United Kingdom | 893,130 | 2023 | -2.52% | -5.29% | View data |
| 9 | 9 Poland | 781,440 | 2023 | +4.04% | +4.52% | View data |
| 10 | 10 Belgium | 621,070 | 2023 | +1.64% | -0.68% | View data |
