In 2023, India dominated the global export market of ultramarine and preparations based thereon, accounting for 51.97% of the total market, followed by Spain and Romania with 12.36% and 11.02%, respectively. Among the top exporters, the United States and China had relatively modest shares, 1.18% and 2.52% respectively. Noteworthy growth among smaller markets was observed in Poland (15.7%) and Mexico (19.78%), while China (-7.24%) and Malaysia (-17.62%) experienced declines.
Future trends to watch include a continued strong performance by India along with potential growth in emerging markets like Poland and Mexico. Environmental regulations and technological innovations may further impact exports, reshaping the competitive landscape and influencing ultramarine production and distribution globally.
Top countries in Export of Ultramarine and Preparations Based Thereon Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 51.97 | 2023 | +2.91% | +3.54% | View data |
| 2 | 2 Spain | 12.36 | 2023 | +1.17% | +1.02% | View data |
| 3 | 3 Romania | 11.02 | 2023 | +2.71% | +3.03% | View data |
| 4 | 4 Colombia | 8.61 | 2023 | +1.61% | +1.32% | View data |
| 5 | 5 China | 2.52 | 2023 | -9.44% | -7.24% | View data |
| 6 | 6 Germany | 2.13 | 2023 | +2.89% | +4.92% | View data |
| 7 | 7 Belgium | 1.77 | 2023 | +1.68% | +2.07% | View data |
| 8 | 8 Italy | 1.37 | 2023 | +4.59% | +5.13% | View data |
| 9 | 9 Sweden | 1.33 | 2023 | +4.61% | +6.69% | View data |
| 10 | 10 United Kingdom | 1.24 | 2023 | +1.48% | +2.93% | View data |
