In 2023, South Korea led the global benzene export market with a value share of 28.99%, followed by India at 17.63%, and Germany at 8.32%. There was notable growth in markets like Russia with a 14.03% increase and the United Arab Emirates, which saw a substantial 12.19% rise. However, countries like Japan experienced a significant decline of 6.7%, while China's export share decreased by 16.04%, indicating regional variances in export strengths.
Looking toward future trends, the influence of Asian economies on benzene exports is expected to persist, with South Korea and India continuing to drive global growth. There may also be shifts as markets respond to geopolitical changes and evolving environmental regulations, which could significantly alter trade dynamics in the benzene sector.
Top countries in Export of Benzene Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 28.99 | 2023 | +2.92% | +2.99% | View data |
| 2 | 2 India | 17.63 | 2023 | +4.59% | +2.46% | View data |
| 3 | 3 Germany | 8.32 | 2023 | +1.14% | +1.67% | View data |
| 4 | 4 Netherlands | 6.37 | 2023 | -1.48% | -1.11% | View data |
| 5 | 5 Thailand | 6.23 | 2023 | +0.76% | -0.55% | View data |
| 6 | 6 Japan | 5.35 | 2023 | +0.018% | -6.7% | View data |
| 7 | 7 Saudi Arabia | 3.78 | 2023 | +6.35% | +0.48% | View data |
| 8 | 8 United Kingdom | 3.64 | 2023 | -0.78% | -0.32% | View data |
| 9 | 9 Malaysia | 2.6 | 2023 | +1.92% | +0.22% | View data |
| 10 | 10 Oman | 2.41 | 2023 | +3.35% | +3.15% | View data |
