In 2023, China dominated the global export of petroleum resins, coumarone, indene, and polyterpenes with a leading share, followed by South Korea and the United States. Year-on-year growth highlights notable increases in exports from Thailand, Denmark, and Argentina, whereas Belgium and Canada experienced significant declines. The five-year CAGR shows consistent expansion in Poland, Denmark, and Hungary, contrasting with the contractions faced in Russia and Belgium. These dynamics suggest evolving patterns in global trade influenced by regional strategies and market demands.
As we look to the future, several trends merit attention:
- China's strong market presence is likely to persist, driven by domestic production capabilities and global demand.
- Investment in production capacity and technological advancements in South Korea might bolster its export competitiveness.
- Environmental regulations and global sustainability initiatives could reshuffle market shares, with emerging countries potentially gaining traction.
- Geopolitical tensions and economic policies will continue to impact supply chains and trade flows.
Top countries in Export of Petroleum Resins, Coumarone, Indene, Polyterpenes Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 27.96 | 2023 | +4.15% | +4.06% | View data |
| 2 | 2 South Korea | 17.35 | 2023 | +2.9% | +3.64% | View data |
| 3 | 3 United States | 11.99 | 2023 | +0.17% | -0.31% | View data |
| 4 | 4 France | 11.38 | 2023 | +0.19% | +0.27% | View data |
| 5 | 5 Netherlands | 8.53 | 2023 | -0.02% | -0.18% | View data |
| 6 | 6 Singapore | 6.24 | 2023 | +6.08% | +2.63% | View data |
| 7 | 7 Thailand | 4.97 | 2023 | +3.59% | +4.31% | View data |
| 8 | 8 Japan | 4.3 | 2023 | -1.86% | -2.73% | View data |
| 9 | 9 Germany | 3.77 | 2023 | +0.88% | +1.64% | View data |
| 10 | 10 Estonia | 0.91 | 2023 | +2.9% | -0.26% | View data |
