The global import of paraformaldehyde shows diverse trends among countries. In 2023, India leads with notable growth of 2.64%, with South Korea and Brazil also experiencing increases of 2.08% and 2.23%, respectively. While China and Japan showed declines of -0.29% and -2.84%, the United States saw a slight increase of 0.23%. Smaller importers like Uganda and Angola reported significant growth, with Uganda at 4.05% and Angola at 4.65%. On the other hand, countries like Italy and Austria faced reductions, as did the United Kingdom with a substantial drop of -10.38%. Import dynamics are influenced by factors such as economic conditions, demand-supply balances, and strategic trade relationships.
Looking ahead in 2024, future trends to watch include the impact of evolving regulatory policies, technological advancements in production, and the economic recovery from global disruptions. The role of environmental concerns in shaping import patterns and potential shifts in demand across emerging markets will also be crucial.
Top countries in Import of Paraformaldehyde by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 19,981,000 | 2023 | +3.32% | +2.64% | View data |
| 2 | 2 China | 19,121,000 | 2023 | +0.68% | -0.29% | View data |
| 3 | 3 South Korea | 15,911,000 | 2023 | +3.26% | +2.08% | View data |
| 4 | 4 Brazil | 12,416,000 | 2023 | +1.74% | +2.23% | View data |
| 5 | 5 Japan | 10,663,000 | 2023 | -1.48% | -2.84% | View data |
| 6 | 6 United States | 7,951,200 | 2023 | -0.3% | +0.23% | View data |
| 7 | 7 Thailand | 7,321,400 | 2023 | +2.25% | +1.5% | View data |
| 8 | 8 Russia | 6,000,800 | 2023 | +1.64% | +1.57% | View data |
| 9 | 9 Belgium | 5,011,600 | 2023 | +2.47% | +1.16% | View data |
| 10 | 10 Germany | 4,389,700 | 2023 | -1.74% | -3.06% | View data |
