In 2023, the United States led global phenolic resin exports with a 14.1% share, followed by China with 11.77%. Other notable exporters include Poland (8.34%), Germany (8.26%), and Belgium (5.75%). Most top exporters demonstrated marginal growth, with notable increases from Portugal (5.43%) and Romania (7.29%). However, countries like Germany and Canada saw slight declines in their export shares. Denmark and Estonia encountered significant decreases. Over a five-year period, trends indicate a competitive export growth landscape, with Asian countries slightly increasing their presence.
Future trends to watch include the potential for emerging markets, particularly in Asia and Eastern Europe, to increase their shares. Investment in innovation and production capabilities could alter the current export dynamics, with sustainability becoming a pivotal factor in market leadership.
Top countries in Export of Phenolic Resins Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14.1 | 2023 | +2.24% | +3.3% | View data |
| 2 | 2 China | 11.77 | 2023 | +2.79% | +3.36% | View data |
| 3 | 3 Poland | 8.34 | 2023 | +3.71% | +2.7% | View data |
| 4 | 4 Germany | 8.26 | 2023 | -1.81% | -1.01% | View data |
| 5 | 5 Belgium | 5.75 | 2023 | +1.85% | +2.25% | View data |
| 6 | 6 Spain | 4.84 | 2023 | +2.59% | +2.75% | View data |
| 7 | 7 Portugal | 4.31 | 2023 | +4.84% | +5.43% | View data |
| 8 | 8 Russia | 4.3 | 2023 | +2.51% | +3.56% | View data |
| 9 | 9 Slovenia | 4.25 | 2023 | +1.64% | +1.59% | View data |
| 10 | 10 Japan | 4.14 | 2023 | +0.9% | -0.63% | View data |
