The global export market for phthalic anhydride presents notable shifts with South Korea leading, having a declining trend of -0.35% in 2023. Belgium and Russia experienced slight declines, whereas Italy and Belarus saw marginal increases. Germany, with a 4.03% year-on-year growth, and Thailand with a remarkable 6.4%, show solid upward trends. In contrast, traditional exporters like the United States witnessed a significant drop of -7.97%. Emerging players like Poland and Croatia display significant positive trends, suggesting potential growth. Notably, established European exporters face mixed changes, with declines observed in countries like Austria and Japan.
Future trends to watch for in global phthalic anhydride exports include the potential for increased competition from Asian countries, given their current positive trajectory. Additionally, an ongoing decline in some Western countries might reshuffle market dynamics, making emerging markets like Poland more influential. Environmental regulations and technological advancements could also impact production and export levels, influencing share by country dynamics.
Top countries in Export of Phthalic Anhydride Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 26.43 | 2023 | +0.47% | -0.35% | View data |
| 2 | 2 Belgium | 13.08 | 2023 | -0.18% | -0.11% | View data |
| 3 | 3 Italy | 7.14 | 2023 | +1.68% | +1.27% | View data |
| 4 | 4 Russia | 6.93 | 2023 | +0.29% | -1.04% | View data |
| 5 | 5 Belarus | 6.53 | 2023 | +4.3% | +1.83% | View data |
| 6 | 6 Germany | 5.48 | 2023 | +3.67% | +4.03% | View data |
| 7 | 7 Austria | 5.34 | 2023 | -1.99% | -3.41% | View data |
| 8 | 8 Japan | 5.16 | 2023 | -1.58% | -2.51% | View data |
| 9 | 9 China | 4.48 | 2023 | +5.97% | +2.2% | View data |
| 10 | 10 Thailand | 4.03 | 2023 | +4.61% | +6.4% | View data |
