In 2024, Spain leads global ultramarine exports with a 22.39% share, followed by India and Romania. European countries like Germany, Belgium, and the United Kingdom maintain steady shares, while emerging markets such as Colombia and Romania show growing influence. The United States and China retain moderate shares, facing competition from South Korea and Italy. Significant yearly growth in export share is seen in South Korea (5.62%), while Malaysia (-3.09%) and the United Arab Emirates (-10.65%) experience declines. The top performers over five years include Poland and the Czech Republic, each exhibiting robust annual growth.
Future trends to monitor include:
- Emerging markets' increasing impact, especially in Asia and Eastern Europe.
- Potential recovery and market stabilizations for countries with declining shares.
- Innovations in production techniques enhancing quality could fuel demand.
- Geopolitical shifts potentially influencing trade patterns and partnerships.
Top countries in Export of Ultramarine and Preparations Based Thereon Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 22.39 | 2023 | +0.93% | +0.29% | View data |
| 2 | 2 India | 18.37 | 2023 | +3% | +2.83% | View data |
| 3 | 3 Romania | 12.31 | 2023 | +2.98% | +2.88% | View data |
| 4 | 4 Colombia | 9.93 | 2023 | +0.91% | +0.35% | View data |
| 5 | 5 Germany | 5.77 | 2023 | +2.58% | +3.61% | View data |
| 6 | 6 Belgium | 5.18 | 2023 | +3.1% | +2.61% | View data |
| 7 | 7 China | 4.71 | 2023 | +1.35% | +1.79% | View data |
| 8 | 8 Sweden | 3.96 | 2023 | +4.71% | +6.37% | View data |
| 9 | 9 United States | 3.68 | 2023 | +1.7% | +2.3% | View data |
| 10 | 10 Italy | 2.98 | 2023 | +4.38% | +4.53% | View data |
