China dominates the global export market of Vitamin B3 and B5, with a significant lead over other countries. Belgium and the Netherlands follow, although their export values are much smaller. The United States and Singapore also have notable shares. Over the last two years, Australia showed remarkable growth, while Denmark, Brazil, and Indonesia had declines. Among other players, Poland, Thailand, and Slovenia saw substantial increases, indicating a potential rise in European influence. Emerging markets like Malaysia, Peru, and Bulgaria are also expanding their export contributions rapidly.
Future trends to watch include continued growth from emerging markets driven by increasing production capacity and strategic trade partnerships. Moreover, environmental and regulatory shifts could impact the market dynamics, potentially influencing a shift towards more sustainable and innovative production practices among leading exporters.
Top countries in Export of Vitamin B3 and B5, D- or Dl-Panthothenic Acid Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 67.52 | 2023 | +4.84% | +7.39% | View data |
| 2 | 2 Belgium | 12.5 | 2023 | +5.01% | +5.1% | View data |
| 3 | 3 Netherlands | 5.7 | 2023 | +2.67% | +4.24% | View data |
| 4 | 4 United States | 4.69 | 2023 | +5.21% | +1.44% | View data |
| 5 | 5 Singapore | 4.11 | 2023 | +2.97% | +4.49% | View data |
| 6 | 6 France | 1.61 | 2023 | +1.04% | +7.83% | View data |
| 7 | 7 Spain | 0.85 | 2023 | +5.25% | +7.23% | View data |
| 8 | 8 Australia | 0.61 | 2023 | +4.81% | +50.03% | View data |
| 9 | 9 Denmark | 0.43 | 2023 | +4.19% | -1.25% | View data |
| 10 | 10 South Korea | 0.26 | 2023 | +6.29% | +1.49% | View data |
