In 2023, China dominated global oxalic acid exports, contributing over two-thirds of the market share. India followed as a distant second, with a notable year-on-year growth rate, suggesting increasing competitiveness. The U.S. and European countries showed moderate increases, led by the UK and Czech Republic. However, the Czech Republic experienced a decline, as did the Netherlands and Saudi Arabia, indicating shifting regional dynamics.
Key growth regions include Japan, Singapore, and Greece, which displayed robust growth rates. Meanwhile, Malaysia and Ukraine's exports contracted significantly, signaling potential market exits or strategic pivots.
Looking forward, exporters such as Japan and Singapore are expected to gain regional influence due to consistent growth. Market volatility in export volumes of smaller players suggests adaptive strategies will be crucial, especially for nations experiencing declines such as Ukraine and Malaysia. Monitoring China and India's dominance will remain essential, given their significant market shares and growth impact.
Top countries in Export of Oxalic Acid Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 66.73 | 2023 | +3.25% | +1.47% | View data |
| 2 | 2 India | 14.87 | 2023 | +3.1% | +2.94% | View data |
| 3 | 3 United States | 2.62 | 2023 | +1.36% | +1.07% | View data |
| 4 | 4 United Kingdom | 2.28 | 2023 | +1.22% | +0.76% | View data |
| 5 | 5 Czech Republic | 2.04 | 2023 | -0.5% | -2.05% | View data |
| 6 | 6 South Korea | 1.94 | 2023 | +3.45% | +1.87% | View data |
| 7 | 7 Japan | 1.68 | 2023 | +1.58% | +5.32% | View data |
| 8 | 8 Belgium | 0.91 | 2023 | -2.15% | +4.79% | View data |
| 9 | 9 Italy | 0.9 | 2023 | +0.38% | +1.26% | View data |
| 10 | 10 Netherlands | 0.61 | 2023 | -1.85% | -0.72% | View data |
