In 2023, Turkey was the leading importer of dithionites and sulphoxylates with a value of $24.1 million, followed by Pakistan and the United States. A notable upward trend was seen in Mexico and Indonesia, closely placed as significant importers. Analyzing year-on-year growth from 2022 to 2023 reveals varying degrees of expansion among these countries, with Turkey and Pakistan exhibiting strong growth. The compound annual growth rate (CAGR) over the last five years illustrates critical long-term growth trends, fortifying Turkey's position as a paramount buyer of these chemicals.
Future trends to watch include:
- Turkey's continued dominance due to industrial expansion.
- Emerging markets like Laos and Indonesia broadening their import activities.
- Potential geopolitical influences affecting supply chains in Russia and South Korea.
- A shift towards sustainable alternatives impacting demand for traditional chemicals.
Top countries in Top Importers of Dithionites and Sulphoxylates
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Turkey | 24.1 | 2016 | |
| 2 | 2 Pakistan | 17.02 | 2016 | |
| 3 | 3 United States | 13.09 | 2016 | |
| 4 | 4 Mexico | 11.17 | 2016 | |
| 5 | 5 Indonesia | 11.08 | 2016 | |
| 6 | 6 Brazil | 10.64 | 2016 | |
| 7 | 7 Japan | 9.22 | 2016 | |
| 8 | 8 Laos | 8.55 | 2016 | |
| 9 | 9 South Korea | 7.71 | 2016 | |
| 10 | 10 Russia | 7.19 | 2016 |
