In 2023, Saudi Arabia leads the global import of resinoids with substantial growth of 4.1%, followed by the United States at 2.44%, and Singapore showing a moderate 0.62% increase. Oman exhibited notable growth of 10.27%, while Malaysia saw a significant rise of 6.86%. In contrast, Canada experienced a decline of 6.72% and South Korea dropped sharply by 13.48%. Zimbabwe faced an extraordinary increase of 312.36%, indicating a volatile market state. These variations depict a mixed market with trends of both growth and contraction across different regions. Further stabilization or shifts can be expected depending on global economic and political factors.
Future trends to watch include the rising influence of emerging markets, technological advancements in resinoid production, and changes in consumer preferences focusing on sustainable and eco-friendly products. Market dynamics may also be influenced by regulatory changes and trade policies.
Top countries in Import of Resinoids Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Saudi Arabia | 22.66 | 2023 | +4.68% | +4.1% | View data |
| 2 | 2 United States | 14.13 | 2023 | +2.41% | +2.44% | View data |
| 3 | 3 Singapore | 7.35 | 2023 | +3.23% | +0.62% | View data |
| 4 | 4 France | 7.21 | 2023 | +3.53% | +2.18% | View data |
| 5 | 5 Oman | 5.08 | 2023 | +5.73% | +10.27% | View data |
| 6 | 6 Germany | 4.59 | 2023 | +2.19% | +0.57% | View data |
| 7 | 7 United Kingdom | 4.16 | 2023 | -2.67% | -1.59% | View data |
| 8 | 8 India | 3.85 | 2023 | +0.4% | +0.8% | View data |
| 9 | 9 Malaysia | 3.6 | 2023 | +5.23% | +6.86% | View data |
| 10 | 10 Spain | 2.84 | 2023 | +1.67% | +0.99% | View data |
