In 2023, China's dominance in the import of aromatic hydrocarbon mixtures derived from coal tar was evident, contributing 47.71% of the total market value. The Netherlands and Ecuador followed, albeit with significantly smaller shares of 14.41% and 14.04%, respectively. Countries like Malaysia experienced substantial growth with a 9.88% increase, contrasting with significant declines from major players like the United States, which saw a drop of over 27%. Over the past five years, most countries showed a stable CAGR, with movements reflective of geopolitical and economic shifts.
Looking ahead, several trends are noteworthy:
- The Asian market, particularly China and India, is expected to continue growing, driven by industrial demand.
- European countries like the Netherlands and Germany may face more fluctuations due to economic conditions and environmental regulations.
- Emerging markets in South America and Africa, such as Ecuador and South Africa, could expand their shares as they build more infrastructure and invest in industrial growth.
Top countries in Import of Aromatic Hydrocarbon Mixtures from Coal Tar Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 47.71 | 2023 | +2.61% | +9.04% | View data |
| 2 | 2 Netherlands | 14.41 | 2023 | -0.23% | -1.44% | View data |
| 3 | 3 Ecuador | 14.04 | 2023 | +1.67% | +0.38% | View data |
| 4 | 4 Belgium | 7.23 | 2023 | +2.74% | +2.97% | View data |
| 5 | 5 Indonesia | 5.16 | 2023 | +6.18% | +4.63% | View data |
| 6 | 6 India | 3.42 | 2023 | +5.67% | +2.95% | View data |
| 7 | 7 Germany | 2.16 | 2023 | -1.29% | -0.58% | View data |
| 8 | 8 Thailand | 1.96 | 2023 | +3.85% | +4% | View data |
| 9 | 9 South Korea | 1.58 | 2023 | +2.86% | +5.22% | View data |
| 10 | 10 Estonia | 1.39 | 2023 | +4.03% | +1.62% | View data |
