Germany leads the global export of Propylene Glycol with $473 million in 2023, showing a steady growth of 0.51%. China and Thailand follow with substantial year-on-year growth rates of 2.84% and 5.1%, respectively, suggesting strong market positions. The United States experienced a decline of 1.67%, indicating challenges in maintaining its export levels. Kuwait experienced a dramatic increase in exports with a 534.1% hike. The CAGR over the past five years varies among countries, suggesting diverse growth trajectories influenced by supply-demand dynamics and market conditions.
Future trends to watch include shifts in global supply chains, potential regulatory changes in chemical exports, and market adaptations to sustainability and environmental concerns. The adaptation of emerging markets like India and strategic movements from Middle Eastern countries could significantly influence global trade patterns of Propylene Glycol.
Top countries in Export of Propylene Glycol (Propane-1,2-Diol) by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 473,630,000 | 2023 | +1.71% | +0.51% | View data |
| 2 | 2 China | 216,260,000 | 2023 | +3.73% | +2.84% | View data |
| 3 | 3 Thailand | 168,020,000 | 2023 | +4.31% | +5.1% | View data |
| 4 | 4 United States | 147,850,000 | 2023 | -1.53% | -1.67% | View data |
| 5 | 5 South Korea | 132,910,000 | 2023 | +3.02% | +1.5% | View data |
| 6 | 6 Belgium | 117,580,000 | 2023 | +3.16% | +3.1% | View data |
| 7 | 7 Singapore | 112,650,000 | 2023 | -1.5% | -2.22% | View data |
| 8 | 8 Netherlands | 111,600,000 | 2023 | +0.22% | -0.98% | View data |
| 9 | 9 Saudi Arabia | 87,006,000 | 2023 | +6.67% | +2.31% | View data |
| 10 | 10 France | 70,830,000 | 2023 | +0.71% | +1.11% | View data |
