In 2023, Spain dominated European exports of salicylic acid and its salts, accounting for 81.58% of the market by volume. France followed, albeit significantly behind, with a 14.68% share. Countries like the UK and Germany had minimal contributions, at 0.43% and 0.011% respectively. Year-on-year data highlights notable growth in Spain at 36.67% and substantial declines in the UK at -41.4%. Over the past five years, the compound annual growth rate varied widely, with fluctuations depending on regional strategies and market demands.
Future trends to watch for include:
- Continued market leadership from Spain driven by competitive manufacturing advantages.
- Potential growth from countries like Sweden and Italy, given their recent positive growth trends.
- Stabilizing or declining contributions from nations like the UK and the Netherlands.
- Overall dynamic shifts as European countries adjust to global economic conditions, environmental policies, and technological advancements in chemical manufacturing.
Top countries in Export of Salicylic Acid and Its Salts Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 81.58 | 2023 | +8.79% | +36.67% | View data |
| 2 | 2 France | 14.68 | 2023 | +3.14% | View data | |
| 3 | 3 Netherlands | 6.03 | 2023 | +2.75% | -1.83% | View data |
| 4 | 4 Belgium | 2.89 | 2023 | -3.64% | +11.9% | View data |
| 5 | 5 Poland | 1.09 | 2023 | +3.49% | +0.0029% | View data |
| 6 | 6 Italy | 0.6 | 2023 | -8.22% | +13.95% | View data |
| 7 | 7 Denmark | 0.59 | 2023 | +5.31% | -3.45% | View data |
| 8 | 8 United Kingdom | 0.43 | 2023 | -45.22% | -41.4% | View data |
| 9 | 9 Croatia | 0.068 | 2023 | +2.67% | +23.44% | View data |
| 10 | 10 Sweden | 0.066 | 2023 | +1.08% | +90.71% | View data |
